China's bond yields near 3-year low as economy slows

Shanghai

CHINA's 10-year sovereign bonds traded near a three-year high as the country's worsening economic slowdown and volatile stock market drive investors to the relative safety of government debt.

The yield on the benchmark 10-year notes dropped five basis points to 3.31 per cent in a six-day declining streak through Wednesday, ChinaBond data shows. That's just shy of the 3.30 per cent level reached on Sept 1 and 2, the lowest since August 2012. The yield on the securities due July 2025 rose one basis point to…