Chinese government bonds have sidestepped a global debt sell-off since the start of the Iran war, as the world’s second-biggest economy emerges as a haven from soaring energy prices and rising global inflation.
Yields on China’s 10-year government bond have dipped marginally to 1.81 per cent since the end of February. In contrast, yields on 10-year US Treasuries have surged by 0.38 percentage points to 4.34 per cent, while yields on gilts have rocketed by 0.7 percentage points. Bond yields rise as prices fall.
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