China’s Key Bond Yield Hits Fresh Record Low as Data Disappoints
- Ten-year yield falls to 1.71% after economic data releases
- China bond rally may persist into next year: Citigroup
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China’s 10-year sovereign yield slumped to a fresh record low Monday, as a string of sluggish economic data boosted demand for haven assets.
The benchmark yield fell six basis points to 1.71%, extending a decline from above 2% at the end of November. The move came after figures revealed retail sales growth unexpectedly weakened and home prices registered another drop in November.