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 3.34 per cent in Shanghai on Thursday, according to data from the National Interbank Funding Center.
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