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Global funds are buying China’s best-performing bonds at a record pace as benchmark yields stand out in a world of cheap money

Global funds accelerated the purchases of Chinese government debt, the best-performing bonds in the world this year, as expectations of policy easing put China ahead of other nations that are moving toward withdrawing the stimulus deployed in the pandemic era.Foreigners added 50 billion yuan (US$7.7 billion) of the nation’s sovereign debt in July, increasing their holdings to a record 2.18 trillion yuan, data from ChinaBond show. The purchase was nearly four times that of June, reversing a two…

Read the original article at South China Morning Post

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