Caixin
Apr 27, 2022 04:21 PM
FINANCE

World-Beating Gain for China Bonds Shows Power of PBOC Policy

The headquarters of the People’s Bank of China in Beijing on Dec. 13. Photo: Bloomberg
The headquarters of the People’s Bank of China in Beijing on Dec. 13. Photo: Bloomberg

(Bloomberg) — China’s bonds look set to be the only ones to dodge a global fixed-income rout this month, as its central bank persists with an easing stance to shield the economy from a worsening Covid outbreak.

Chinese debt has gained 0.3% in April on a currency-hedged basis, while all other markets that make up FTSE Russell’s World Government Bond Index have seen losses, according to data compiled by Bloomberg.

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