(Bloomberg) -- China's government bonds rose as a
report showed slower-than-expected producer-price inflation,
damping speculation of further interest rate increases by the
central bank. The yuan fell.
The gain in price was not enough to move the yield on
benchmark three-year bonds from near an August 2005 high of 3.26
percent. Investors sold the securities last week on concern the
central bank would raise borrowing costs to cool economic growth
and a record stock market. Producer prices climbed 2.8 percent,
lagging behind the 3 percent forecast in a Bloomberg News survey.
Read more at Bloomberg Bonds News
report showed slower-than-expected producer-price inflation,
damping speculation of further interest rate increases by the
central bank. The yuan fell.
The gain in price was not enough to move the yield on
benchmark three-year bonds from near an August 2005 high of 3.26
percent. Investors sold the securities last week on concern the
central bank would raise borrowing costs to cool economic growth
and a record stock market. Producer prices climbed 2.8 percent,
lagging behind the 3 percent forecast in a Bloomberg News survey.
Read more at Bloomberg Bonds News
No comments:
Post a Comment