Economics
Yuan Debt Worst in BRICs as PBOC Battles Inflation: China Credit
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Yuan-denominated bonds are the only local-currency debt among the biggest emerging nations delivering a loss as investors bet quickening inflation will force China to keep raising interest rates.
The securities have lost 0.6 percent in dollar terms this quarter, while Brazilian real bonds returned 2.6 percent, Russian ruble notes 0.5 percent and debt denominated in Indian rupees 0.8 percent, according to JPMorgan Chase & Co. indexes. Yuan notes lost 0.3 percent in August, the worst decline after a