(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 106.82, after a brief selloff straddling the weekend saw it shed 0.20%. The Enterprises sub-index climbed 0.03%.
Chinese corporate and local government bonds have rallied in the past three months as a stream of data showed the nation’s economy recovering strongly from the pandemic downturn. Recent reports, however, combined with a global selloff in bonds damped the allure of the debt.
Also on ATF
- New rules in China for corporate bonds and rating agencies
- China fears impact of foreign financial bubbles bursting
- Asian equities advance but inflation and correction worries persist
