Reported about 12 hours ago
Chinese government bonds experienced a rebound after the People's Bank of China enhanced short-term funding support, resulting in declining yields on the 10-year note for the third consecutive day. The central bank injected significant liquidity to address concerns from a recent bond rout, allowing for a more favorable borrowing environment amid increased debt issuance for the year. Analysts believe this move will help restore confidence in the bond market and prevent further sell-offs.
Source: YAHOO