Reported 27 days ago
China's bond traders have driven sovereign yields to a record low of 2.075%, despite signs of intervention from authorities. The People's Bank of China is trying to cool a debt rally while facing significant pressure from traders who still favor safe assets amid an economic downturn. Analysts predict continued bond selling and market corrections, while upcoming economic data expected to reflect ongoing weaknesses will play a crucial role in shaping future policies.
Source: YAHOO