Foreign fund bought 93.6 billion yuan (US$14.4 billion) worth of Chinese debt in February, after adding positions at a record pace the previous month, egged on by the addition of China’s government and policy-bank bonds into the world’s major indices in 2019. Photo: Shutterstock
China debt: government bonds defy global turbulence as US Treasuries lose ‘safe haven role’
- Chinese government bonds have defied the turbulence rocking peers from Australia to Europe, offering a port in the global reflation storm.
- Foreign fund bought 93.6 billion yuan (US$14.4 billion) worth of Chinese debt in February, after adding positions at a record pace the previous month
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Foreign fund bought 93.6 billion yuan (US$14.4 billion) worth of Chinese debt in February, after adding positions at a record pace the previous month, egged on by the addition of China’s government and policy-bank bonds into the world’s major indices in 2019. Photo: Shutterstock