CHINA MOVES AGAIN TO CURB BOND-MARKET RISKS AS YIELDS NEAR HISTORIC LOWS
China’s central bank is again confronting a problem that first became visible more than two years ago: investors are buying government bonds so aggressively that Beijing worries the safest assets in the financial system could themselves become a source of instability. The original warning emerged in 2024. As money rushed into Chinese sovereign debt, the […]
