SHANGHAI, June 27 (Reuters) – China’s treasury futures leapt to fresh highs on Thursday, while long-dated yields skirted record lows, as investors continued to plough money into bonds, shrugging off repeated warnings about risk from the central bank.
Assets of Chinese bond mutual funds ballooned to a record 6.5 trillion yuan ($894.3 billion) in May, up 40% from a year earlier, official data showed. The rise reflects how lower deposit rates are steering savings into fixed income products amid stock market volatility.
Source: REUTER
