China Bond Rout Worsens as Yield Jumps Most in Six Months
- Optimism over U.S.-China trade talks has boosted risk appetite
- Central bank avoids using targeted tool to add one-year cash
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A sell-off in China’s government bonds is getting worse by the day.
The plunge in the sovereign notes accelerated on Monday, pushing the benchmark 10-year yield up by the most since April. Selling momentum surged to the strongest since late 2017, according to the 14-day relative strength index on the rate.