Bond Rally in China Gains Momentum as Risks Show Up Everywhere
Livia Yap, Bloomberg News A man flies a kite on the Bund as the Lujiazui Financial District stands in the background in Shanghai, China, on Saturday, April 10, 2021. China s population is aging more quickly than most of the worlds developed economies due to decades of family planning aimed at halting population growth. Photographer: Qilai Shen/Bloomberg , Bloomberg
(Bloomberg) Traders in China are flocking to sovereign bonds as an expanding regulatory crackdown and concern that growth is slowing pressure risk markets.
The yield on benchmark 10-year government debt fell to the lowest in a year as stock gauges in China and Hong Kong declined by over 3%. High-yield dollar bonds dropped as much as 0.5 cents on the dollar.