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CHINA'S RELENTLESS BOND RALLY PUSHES 10-YEAR YIELD BELOW 2%, LOWEST ON RECORD

  • NEWS Desk Global
  • Dec 2, 2024
  • 1 min read



China's 10-year yield dropped below 2% to hit its lowest point on record on Monday, breaking a psychological barrier as a sputtering economy and bets on further rate cuts drive investors into the safety of bonds.

Prices in China's bond market have been on a decade-long rally - one that kicked into a higher gear roughly two years ago as the country's property sector woes and weakness in the stock market combined to prompt a flood of funds flowing into bank deposits and the debt market.

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