China’s ‘Lower for Longer’ Pledge Has Sent Bonds Into Unknown

China’s ‘Lower for Longer’ Pledge Has Sent Bonds Into Unknown

China’s $11 trillion government bond market has moved into uncharted territory as a new era of monetary policy opens up debate over how much further yields will fall from record lows.

Bond prices soared after the country’s powerful Politburo made its strongest commitment to monetary easing in more than a decade. The yield on China’s 10-year bonds fell to a record low of 1.77%, while longer-tenor yields also tumbled.

Source link

Visited 1 times, 1 visit(s) today

Leave a Reply

Your email address will not be published. Required fields are marked *