12/10/2024

China Politburo Policy Shift Spurs Surge in Stocks, Bonds

The 10-year yield falls to a record low

Stocks jumped and China's government bonds rallied after the Politburo shifted its monetary policy stance to imply more easing is coming, mirroring moves made in previous crises.

Benchmark 10-year yields fell about four basis points to 1.92 percent, a record low. Hong Kong's Hang Seng index jumped 2.8 percent to its highest in a month.

China's growth has stalled as a collapse in the property market crushed confidence and consumption and investors have been eager to bet that the government will ride to the rescue.

Please select this link to read the complete article from Reuters.