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China's 10-Year yield sinks to record low on bets that PBOC will ease

The article from The Business Times discusses the significant drop in China's 10-year government bond yield to a record low of 2.56%, reflecting market expectations that the People's Bank of China (PBOC) will implement further monetary easing measures. This decline in yields comes amidst concerns over a slowing economy, with investors betting on more stimulus to counteract the effects of a property market slump and weak consumer demand. The PBOC has already cut key policy rates and reduced the reserve requirement ratio for banks, signaling a dovish stance. Analysts suggest that the low yields are also influenced by a lack of alternative investment options and the anticipation of further policy support, including potential rate cuts and liquidity injections, to bolster economic recovery.

Read the Full Business Times Article at:
[ https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-10-year-yield-sinks-record-low-bets-pboc-will-ease ]