Global funds looking for bargains among China's battered bonds
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Hong Kong
CHINA'S biggest bond selloff in four years has left many securities in the US$10 trillion market looking attractive to global funds including Aberdeen Standard Investments, Pictet Asset Management and AllianceBernstein LP.
Bargain hunting by such investors could add to speculation that the worst of the rout, which started in October, is drawing to a close. Five-year government bonds have bounced back in the past week, after a selloff that has still left the yield up 94 basis points this year - the most since 2013 - at 3.8 per cent.
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