The yield on 30-year bonds slumped 10 basis points below the overnight interbank rate this week, the biggest discount since December 2013. — Reuters
BEIJING: China’s bond frenzy may be close to fizzling out, as yields on long-term sovereign notes trade at the deepest discount in more than a decade to the cost of investors’ favourite financing tool.
The yield on 30-year bonds slumped 10 basis points below the overnight interbank rate this week, the biggest discount since December 2013.
