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Stock impact report

China's 10-Year Yield Down to Lowest Since 2002 as Rally Extends [Yahoo! Finance]

OVERSEAS CHINSE UNSP/ADR (OVCHY) 
NASDAQ:AMEX Investor Relations: coli.com.hk/en/ir
Company Research Source: Yahoo! Finance
Most Read from Bloomberg YouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging Minor Nvidia Rout Takes Breather as Traders Scour Charts for Support Trump Could Actually Lose Florida. Here's Why. Rivian Gets $5 Billion Lifeline in Joint Venture With Volkswagen Julian Assange Pleads Guilty to US Charges, Ending 14-Year Drama The onshore 10-year government yield slipped to 2.22%, the lowest since 2002. Yields on the 20- and 50- year bonds have been trading at their historic lows for months. The bonds have staged a sizzling rally on the back of China's lackluster economic growth, dovish monetary policy and the impact of ample liquidity in the banking system with loan demand so weak. A increase in borrowing to ramp up fiscal stimulus has failed to deter investors. “With risk sentiment staying subdued while expectation is still for some form of monetary policy support, there are safe haven flows into CGBs as there is probably a lack of better investment alter Show less Read more
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