China’s 10-Year Yield Falls to Record as Economic Gloom Deepens
- Benchmark yields fall to 2.18%, lowest since at least 2002
- Bonds have rallied amid poor sentiment toward China economy
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The yield on China’s benchmark bonds fell to a record low as investors continued to snap up the notes amid pessimism about the domestic economy.
The onshore 10-year government yield declined two basis points to 2.18%, set to close at the lowest since Bloomberg began tracking the data in 2002. Yields on the 20- and 50- year bonds have been trading at their historic lows for months.