Global investors have withdrawn money from China on an “unprecedented” scale since Russia invaded Ukraine in late February. Photo: Bloomberg
Global investors have withdrawn money from China on an “unprecedented” scale since Russia invaded Ukraine in late February. Photo: Bloomberg
Bonds

Chinese debt sell-off likely to continue as yield advantage over US bonds disappears

  • The yield on the 10-year Treasury note climbed to 2.78 per cent on Monday, surpassing the 2.75 per cent premium for China’s 10-year government bond
  • Analysts warn that ongoing capital outflows coupled with growing depreciation pressure on the yuan may be destabilising for China’s financial markets

Global investors have withdrawn money from China on an “unprecedented” scale since Russia invaded Ukraine in late February. Photo: Bloomberg
Global investors have withdrawn money from China on an “unprecedented” scale since Russia invaded Ukraine in late February. Photo: Bloomberg
READ FULL ARTICLE