INSUBCONTINENT EXCLUSIVE:
The securities will be supported by more monetary easing and stronger safe-haven demand amid lingering trade tensions, record corporate bond
defaults and dropping stocks, China watchers say
The yield on 10-year sovereign notes has tumbled 51 basis points in 2018, while the costs on similar debt of most other major economies rose
Chinese yields fell 13 bps last week, the biggest drop since April
Policy makers have cut the reserve-requirement ratio four times this year and encouraged lending to cash-strapped private companies as the
economy slows and the trade conflict with the US escalates
Chinese bonds were among the worst performers in the world last year due to an official deleveraging campaign
said Liu Dongliang, a senior analyst at China Merchants Bank, who expects the 10-year yield to drop below 3 per cent in first half of 2019.
