Easing Hopes Send China Bond Yields to New Lows — Market Talk
2024-12-13
Category: economic

China's benchmark government bond yields have fallen to a new low as investors rush into the market on policy easing hopes. The yield on China's 10-year government bonds on Friday falls below 1.8% for the first time ever, one day after Chinese policymakers pledged to cut interest rates and lower banks' reserve requirement ratios next year to boost the economy. Meanwhile, the 30-year government bond yield fell below 2.0% at one point on Friday, marking a two-decade low. China's recent bond rally is also in part sustained by worries over possible U.S. tariff hikes, economists say. (singaporeeditors@dowjones.com)