Chart of the Day: China’s Plunging Long-Term Government Bond Yields

Yields on China’s long-term sovereign bonds have continued to drop this week due to heightened demand as expectations for looser monetary policy grew and investors shunned riskier assets in light of ongoing economic uncertainty.

The yield on 30-year Chinese government bonds hit 2.46% on Thursday, and the 10-year yield dropped to 2.34%, according to data published by China Central Depository and Clearing Co. Ltd. Neither figure had plumbed such lows since at least 2009, available data compiled by economic data provider CEIC show.

Chinese Government Bond Yields Tumble