Chinese government bond yields have climbed to their highest since early December as investors shift into equities on expectations that the world’s second-largest economy can move past its deflationary pressures.
Yields on 30-year Chinese government bonds rose 0.06 percentage points on Wednesday to 2.19 per cent.
Ten-year yields rose 0.02 percentage points to 1.81 per cent, their highest level since just before US President Donald Trump’s “liberation day” tariff announcement in April, which prompted a move out of risk assets in China. Bond prices fall when yields rise.
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