Record Pork-Price Jump Seen Reversing China Bond Advance: Chart
This article is for subscribers only.
The price of pigs in China surged a record 61 percent in the first quarter, the most in Shanghai JC Intelligence Co. data going back to 2011. This helped set inflation up for its fifth monthly advance in a row in data due Monday, threatening to halt a tumble in bond yields. “CPI is China Pork Index,” said Hao Hong, chief China strategist at Bocom International, adding that rising inflation may reduce the need for rate cuts and hurt bond prices in the months ahead.