Reported 2 days ago
China's bond market is facing its worst downturn of the year, with benchmark yields on sovereign bonds rising due to skepticism about further interest rate cuts by the central bank. The People’s Bank of China suggested that while there is potential for policy easing, the timing remains unclear, diverting investors towards equities as optimism about economic growth rises. Amid rising yields and a favorable stock market, analysts expect the bond market's pullback may not lead to new lows in the near future.
Source: YAHOO