Sunday, September 7, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Leadership

China 10-year yield declines to historic low as rally extends

by Yurie Miyazawa
in Leadership
China 10-year yield declines to historic low as rally extends
Share on FacebookShare on Twitter


THE yield on China’s benchmark bonds fell to a record low as investors continued to snap up the notes amid pessimism about the domestic economy.

The onshore 10-year government yield declined two basis points to 2.18 per cent, set to close at the lowest since Bloomberg began tracking the data in 2002. Yields on the 20- and 50-year bonds have been trading at their historic lows for months.

The bonds have surged on the back of lacklustre growth in China, expectations for interest-rate cuts and the impact of ample liquidity in the financial system as loan demand is so weak. An increase in government borrowing to boost fiscal stimulus has failed to put off bond buyers.

The People’s Bank of China (PBOC) has been pushing back against the rally and has hinted it may sell some of its own holdings to cool the advance.

The move comes as China watchers prepare for one of the country’s biggest annual policy meetings later this month, the so-called Third Plenum. Chinese leaders at an economic meeting in December said they were contemplating a “new round of fiscal and tax reform”, sparking hopes that details may be unveiled there.

For Zhaopeng Xing, senior strategist at Australia & New Zealand Banking Group, the drop in yields suggests traders seem to be dialling back their expectations for big fiscal stimulus. He sees the benchmark yield dropping to around the 2.15 per cent level.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

“The bond rally reflects lingering concerns over weak domestic demand and hopes that PBOC may need to cut policy rates in the third quarter to bolster growth,” he said. “Demand for bonds will be mainly supported by banks’ wealth management products as they receive continued fund inflows from a flight out of deposits.” BLOOMBERG

Tags: 10YearChinadeclinesExtendsHistoricRallyYield
Yurie Miyazawa

Yurie Miyazawa

Next Post
SIA’s CEO earned S.1 million, 20.6% higher in FY2024

SIA’s CEO earned S$8.1 million, 20.6% higher in FY2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In