As a Treasuries Rout Went Global, China’s Bonds Shone on Alone
- ETFs tracking yuan debt recorded $671 million inflow last week
- Stable policy and growth will support Chinese notes, ANZ says
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As investors fled almost every fixed-income asset from the safest government bonds to the highest-yielding securities last week, one market stood out as a haven.
Funds poured $671 million into exchange-traded funds tracking yuan bonds last week, taking inflows so far this year to $2.2 billion, data compiled by Bloomberg show. In contrast, they offloaded almost $600 million of emerging-market notes last week.