China Bonds


Inflation threat remains as China data looms

Inflation threat remains as China data looms

(ATF) Returns on a gauge of Chinese credits and local government bonds fell for a second week as the selloff in the broader global bond market kept investors away from even the best-performing securities on the world’s second-largest fixed-income market.Concern remains that an unleashing of economic activity as vaccine rollouts …

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China's disinflation and implications

CHINA’S DISINFLATION AND IMPLICATIONS

China has abandoned its “growth at all cost” policy and stuck with its deleveraging and structural reform direction, despite the trade-war and Covid-19 shocks. This has resulted in a constrained growth environment capping demand-pull inflation which, in turn, also capped the cost-push price pressure from filtering down to CPI inflation.There …

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Powell stays calm - and alarms global markets

Powell stays calm - and alarms global markets

(ATF) Federal Reserve chairman Jerome Powell took a calm approach to recent Treasury volatility on Thursday March 4, prompting another spike in bond yields and selling of tech stocks.The benchmark 10-year US Treasury yield rose to close Thursday at 1.56% – close to the 1.61% level hit during a wave …

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Inflation fears return to haunt China bonds

Inflation fears return to haunt China bonds

(ATF) Returns on a key China bond index slid Thursday in line with Asian stock markets as concern that inflation will rise returned to haunt investors.Financial bonds gained after Hong Kong’s financial chief said he hoped to see the launch this year of a scheme to give mainland investors grater …

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SOE bond gauge climbs as risk bid returns

SOE bond gauge climbs as risk bid returns

(ATF) A gauge measuring returns on the bonds of Chinese state-owned enterprises (SOEs) climbed the most in four weeks Wednesday as reflation concerns eased.The broader non-sovereign market was little changed, reflecting investor reluctance to fully recommit to the world’s second-largest bonds market.The benchmark ATF China Bond 50 Index was at …

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Easing reflation trade boosts China credits

Easing reflation trade boosts China credits

(ATF) China bonds snapped heavy losses from the past two days as the global reflation trade eased.The ATF benchmark gauge of non-sovereign bonds climbed for the first day in three as investors weary of volatility in global assets took advantage of relative stability in China’s credit market.The China bid was …

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Selloff, coupon payments drag down China bonds gauge

Selloff, coupon payments drag down China bonds gauge

(ATF) The global bonds selloff continued in Chinese debt Monday, with privately issued securities taking the brunt of losses on inflation worries.A gauge of the bonds of state-owned enterprises (SOEs) declined after oil producer Sinopec made a coupon payment on its 4.98% bond. Similarly, a drop in the Corporate sub-index …

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Risk-on sentiment puts China bonds on the back foot

Risk-on sentiment puts China bonds on the back foot

(ATF) China bond investors sat on the sidelines Thursday as growing inflation expectations continued to dim the appeal of fixed-income assets worldwide.Bonds of local governments plummeted the most in almost two months. The decline followed reports that officials in Sri Lanka and Pakistan had attacked the terms of their loans …

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Corporate bonds resume climb even as risk bid dims allure of fixed income

Corporate bonds resume climb as risk bid dims allure of fixed income

(ATF) Corporate bonds climbed Wednesday after news that Beijing was considering raising the limit on overseas investments boosted hopes that more money would flood into offshore Chinese credits.Gains among the debt of private businesses were not enough to lift the broader non-sovereign bonds market from a Lunar New Year slump. …

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Inflation concern limits China bond gains

Inflation concern limits China bond gains

(ATF) China bonds inched higher Tuesday, with gains limited by rising concern that global inflation is back on the cards.Gains were also limited by bonds on the Corporate sub-index, which reversed a sharp gain from yesterday.The benchmark ATF China Bond 50 Index climbed 0.02% to 107.01. Corporates fell 0.01% and …

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