Damaged Chinese bonds may come under further pressure over funding concerns – Bloomberg
Photographer: Qilai Shen / Bloomberg
Photographer: Qilai Shen / Bloomberg
Concerns about the tight liquidity in China are spilling over into the country’s financial markets. Government bonds are heading for a fourth month of decline, a rally in equities has been slowed down, while the yuan has strengthened to its highest level since January.
The yield on Chinese sovereign bonds due in…