China Swap Rate Rises to One-Week High as Growth Stabilizing
- November's economic, financial data are better than expected
- 10-year sovereign yield rebounds from seven-week low
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China’s interest-rate swaps climbed to the highest level in more than a week as better-than-expected economic data damped speculation the central bank will roll out more monetary stimulus to support growth.
Industrial production rose in November by the most since June and retail sales recorded the biggest gain of the year, according to reports released over the weekend, and Friday data showed the broadest measure of new credit more than doubled from October. A Bloomberg monthly China gross domestic product tracker advanced to 6.85 percent, the best reading since June.