China Bond Selloff Eased in March as Global Volatility Spiked
- Foreign investors purchased most NCDs since January 2021
- Outflows are set to slow further in second quarter: StanChart
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The selloff in Chinese bonds by overseas investors eased last month as foreign demand for yuan debt stabilized amid concern over threats to the global banking system.
Total foreign ownership of domestic debt in the nation’s interbank market climbed by 3.5 billion yuan ($507 million) to 3.2 trillion in March, according to Bloomberg calculations based on official exchange data. They had cut holdings in all but one of the previous 13 months.