Chinese investors are betting a months-long rally in two-year government bonds has gone too far, turning to arbitrage trades more commonly used in the US and Europe to put that view to work.
Chinese investors are betting a months-long rally in two-year government bonds has gone too far, turning to arbitrage trades more commonly used in the US and Europe to put that view to work.
China’s central bank reduced the size of its daily open-market operation to a record low, extending efforts to absorb excess cash as a rally in bonds drove benchmark yields to their lowest since August.
China’s central bank reduced the size of its daily open-market operation to a record low, extending efforts to absorb excess cash as a rally in bonds drove benchmark yields to their lowest since August.
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