15 Hrs
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الاقتصادية
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City advises investing in 30-year Chinese bonds
Citigroup has recommended investors buy 30-year Chinese government bonds, anticipating that demand will remain high due to ongoing economic weakness and a declining credit rating in China. This outlook supports bond prices and pushes yields down to around 1.8%, from the current level close to 2.1%. The bank aims to boost demand for these bonds amid support from Beijing's plan to recapitalize financial institutions. It also expects 10-year bond yields to gradually fall to about 1.6%. This recommendation comes as the Chinese bond market diverges from the global sell-off, with inflation pressures and flexible global growth causing yields to rise in major economies, while domestic Chinese bond yields remain low due to weak demand and sluggish credit growth.
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