Sov­er­eign bond price de­cline ends re­cent ex­ces­sive rally

China Daily (Canada) - - BUSINESS -

China’s sov­er­eign bonds fell, push­ing the 10-year yield to a one-week high, as traders deemed this month’s rally as ex­ces­sive. The yield on the 4.13 per­cent notes due Septem­ber 2024 had ad­vanced seven ba­sis points to 3.65 per­cent by late af­ter­noon in Shang­hai, ac­cord­ing to data from theN­ational In­ter­bank Fund­ing Cen­ter. That bench­mark 10-year sov­er­eign yield has fallen 20 bps this month and one per­cent­age point this year, Chi­naBond data shows.

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