{
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China bonds surge as 10-year yield drops to multi-decade low

China's 10-year bond yield has fallen to a multi-decade low of 1.9636%, driven by expectations of further stimulus measures from Beijing to support the economy, which is projected to grow over 5% this year. The People's Bank of China has injected significant liquidity into the banking system and indicated potential cuts to the reserve requirement ratio. Despite a bond market rally, concerns remain about economic fundamentals and the risk of deflation without meaningful fiscal stimulus.
CNBC
Chinese Yuan United States Dollar OCBC Bank abrdn Macquarie Capital CHN Pan Gongsheng Show more
Finance & Economy, Market Report
08:48 02.12.2024
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