Traders Look to Profit in China Bond Market That Won’t Move
- Yield on 10-year note trades in narrowest range in seven years
- Fund managers buy policy bank bonds, dollar-denominated debt
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Making money in a market that moves so little has become a key challenge for China’s sovereign-bond traders.
With 10-year notes trading in the narrowest range in seven years, investors are casting their nets far and wide to enhance returns. It’s policy bank bonds for JPMorgan Asset Management and PineBridge Investments Asia Ltd., dollar-denominated debt for Nissay Asset Management Corp. and convertible bonds for Morgan Stanley Huaxin Fund Management Co.