Morning commuters enter a subway station in Shanghai on December 5, 2022. Government officials over the past week signaled a transition away from the harshest Covid containment measures, which have weighed on the economy and prompted thousands of demonstrators to take to the streets to voice their anger. Photo: Bloomberg
Morning commuters enter a subway station in Shanghai on December 5, 2022. Government officials over the past week signaled a transition away from the harshest Covid containment measures, which have weighed on the economy and prompted thousands of demonstrators to take to the streets to voice their anger. Photo: Bloomberg

Biggest China bond sell-off in 3 years bodes well for stocks on signs of economic growth momentum, analysts say

  • Yields on 10-year government bonds jumped by 27.6 basis points in November, the most since April 2019
  • The preference for stocks over bonds will extend into at least the first half of next year amid a consumption rebound, according to Citic Securities

Morning commuters enter a subway station in Shanghai on December 5, 2022. Government officials over the past week signaled a transition away from the harshest Covid containment measures, which have weighed on the economy and prompted thousands of demonstrators to take to the streets to voice their anger. Photo: Bloomberg
Morning commuters enter a subway station in Shanghai on December 5, 2022. Government officials over the past week signaled a transition away from the harshest Covid containment measures, which have weighed on the economy and prompted thousands of demonstrators to take to the streets to voice their anger. Photo: Bloomberg
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