Chinese Bond Traders Fear ‘Dagger to the Heart’ as Yields Vanish
- Slowing economy, aging population drive yields to record lows
- Bond traders study recent Japan experience to brace for slump
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Chinese bond traders have few things to celebrate despite this year’s unprecedented market rally.
A sluggish economy has pushed the nation’s sovereign bond yields to record lows, sparking anxiety across trading desks at securities firms, banks and fund managers that ever lower rates will dry up trading and cost them their jobs.