Reported 8 months ago
China's 10-year government bond yield has dropped to 2.22%, the lowest since 2002, as investors show continued interest in the notes due to worries about the country's economy and expectations for more stimulus. The prolonged rally is attributed to China's sluggish economic growth, accommodative monetary policies, and high liquidity levels in the banking system. The People's Bank of China's management of the yuan's exchange rate and discussions about potential measures to curb the bond rally have also impacted market sentiments.
Source: YAHOO