Traders Traumatized by Volatile Treasuries Consider China Bonds
- Volatility in 10-year Chinese yield is near lowest since 2018
- Investors have shrugged off cut in reserve requirement ratio
A billboard featuring Chinese President Xi Jinping at a People's Liberation Army Flag Guard barrack near the Forbidden City in Beijing, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
For bond investors rocked by the outsized swings in Treasuries in recent weeks, Chinese government debt must look like an oasis of stability.
On average, China’s 10-year yield has moved by less than one basis point daily since the start of the year, compared with seven basis points for its US counterpart, according to data compiled by Bloomberg. Its 30-day volatility is hovering near the lowest since 2018.