China bonds rally with 10-year yield hitting a multi-decade low on rate cut expectations
Publishing timestamp: 2024-12-02 03:31:50
Summary
China bonds rallied with 10-year yield dropping below 2% to hit multi-decade low, driven by expectations of stimulus measures. PBOC injecting liquidity into banking system and purchasing government bonds. Market pricing in fiscal stimulus support. Offshore yuan weakened. Expectations of further rate cuts by PBOC. Potential for additional stimulus measures to be announced at upcoming meetings. Spread between Chinese and U.S. yields tightening, positive for Chinese equity flows.
Sentiment: MIXED
Tickers: US10Y,
Keywords: u.s. 10 year treasury, business news, asia economy,