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China Bond Rally Shows Weak Economic Sentiment Before Politburo
Key Points
China Bond Rally Shows Weak Economic Sentiment Before Politburo China’s sovereign bonds are rallying once again as economic weakness, sliding stocks and expectations for greater monetary policy support revive demand for fixed-income assets. The advance is being led by longer maturities, with 30-year bond future this week jumping to the highest level since November. The number of open contracts on the securities surged by 15% on Wednesday alone to a record, an indication the rally may have...
China Bond Rally Shows Weak Economic Sentiment Before Politburo
China’s sovereign bonds are rallying once again as economic weakness, sliding stocks and expectations for greater monetary policy support revive demand for fixed-income assets.
The advance is being led by longer maturities, with 30-year bond future this week jumping to the highest level since November. The number of open contracts on the securities surged by 15% on Wednesday alone to a record, an indication the rally may have room to run.