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China's bond traders are piling into the safe-haven asset despite recent stimulus efforts. The 30-year government bond yield hit its lowest level since 2005 last week and fell again Monday. AdvertisementWhile Chinese stocks have roared on Beijing's stimulus jolt, the country's bond market suggests there's lingering skepticism. But the bond market seemed less convinced, with the 30-year government bond yield falling the next day to close to its lowest level since 2005. Investors may be reacting to the widely held view that despite the size and scope of China's stimulus moves, they still might not be enough.
Persons: , Stocks, it's Organizations: Bank of America, Service, CSI, People's Bank of Locations: China, People's Bank of China, CNY1.85tn
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