Global Funds Dump China Bonds for Eighth Straight Month

(Bloomberg) ― Global investors dumped China’s onshore bonds for the eighth straight month, the longest streak on record, as a surge in Treasury yields and a weaker yuan dimmed the notes’ appeal.

Foreign investor holdings of Chinese bonds in the interbank market fell by 70.7 billion yuan ($9.7 billion) in September, almost double the previous month’s net sales of 35.4 billion yuan, according to data from China Central & Depository Clearing Co. and Shanghai Clearing House.