Chinese yields hit record lows as investors defy central bank warnings

Quick Summary:

But last week, in a policy swing, the PBoC surprised the market with a slew of interbank interest rates cuts, and did not explain the reasons behind the shift.

The yield on the 10-year bond, which moves inversely to prices, fell to 2.13 per cent on Thursday while 30-year note yields also dropped to 2.37 per cent.

Investors have been defying warnings from the People’s Bank of China that the frenzied buying risks creating a Silicon Valley Bank style banking crisis.

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Article Details

Author / Journalist: Cheng Leng

Category: MarketsFinanceInvesting

Markets: United StatesChinaHong Kong

Topics: Yield Market Investors Bank Central Bond Pboc Yields Rates Economy Warnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 00:30:18 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 839 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21891913

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