Inflation Concerns Lift Bond Yields
11-09 14:33 Caijing
Full article in Chinese: http://www.caijing.com.cn/2009-11-06/110305586.html
» Investor expectations of rising inflationary
pressure have driven up Chinese bond yields over the past month, and buyers are
now favoring short-term paper over long-term debt, traders told Caijing on
Friday.
» They noted that the 10-year government bond yield had risen from
3.5211 percent in early October to 3.6773 percent on Thursday.
» The yield
on one-year central bank bills on the secondary market stood at 1.8942 percent
on Thursday, up from 1.8262 percent in early October.