China’s 10-year bond yield falls to 13-month low

Why it matters

China's 10-year bond yield hitting a 13-month low signals weaker economic growth and a flight to sovereign debt, which is notable for credit-market professionals monitoring global risk and capital flows, but it is not a direct monetary policy signal or systemic event.

Sources

• Financial Times

  China’s 10-year bond yield falls to 13-month low

  Weak economic growth pushes investors into sovereign debt