US Media: China's bond market is approaching a historic turning point. As deflationary pressures ease and expectations for monetary easing cool down, yields are expected to rebound from record lows.
Analysts anticipate that the benchmark 10-year government bond yield may break out of its recent narrow range, rising from the current level of around 1.8% to 2% or even higher; the yield spread between the 5-year and 30-year government bonds has widened to its largest in about four years, reflecting rising inflation expectations and supply pressures, with this gap possibly expanding further.
Original article: toutiao.com/article/1861644510695562/
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