China’s 10-Year Government Bond Yield Hits Record Low
Caixin Global · Fan Qianchan Published Nov 6 ·
Stock market weakness fuels demand for safer assets as a shift in the central bank’s policy benchmark could lower bond investors’ funding costs
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China’s benchmark 10-year government bond yield fell to a record low of 1.565% on Friday as stock-market weakness drove demand for safer assets.
The yield on the most actively traded 10-year government bond fell below 1.60% on Wednesday and stayed below that level for the next two days. A mutual fund manager told Caixin that the decline breached a key threshold as a weak outlook for equities supported demand for bonds.
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