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In a World of Below-Zero Bond Yields, China Debt Bucks the Trend
- Time to buy nation’s bonds as prices will rise, Fidelity says
- Spread between U.S. and Chinese yields is widest in 10 months
Does China's Debt Bomb Mean Exploding Bonds?
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As investors drive bond yields across the world to record lows, China is going the other way.
The nation’s 10-year government bond yield has risen 13 basis points this year to 2.95 percent through Monday, the only increase among similar-maturity sovereign debt in the world’s 15 biggest economies. Chinese bonds have sold off amid concern that rising inflation, stabilizing growth and an overheating property market will halt further monetary easing.