China Bonds Dive as Investors Take On More Risks
China’s bond investors are getting antsy again.
The latest selloff of Chinese government debt was triggered by a better-than-expected economic outlook from central bank governor Zhou Xiaochuan on Sunday, as well as his warning about lingering risks in the financial system, traders and analysts said.
On Wednesday, yields on China’s 10-year government debt closed at 3.736%, after climbing to 3.741% on Tuesday, the highest since December 2014. Yields of the most actively traded sovereign debt closed at 3.67% on Friday, prior to Zhou’s comments.
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