While US Treasuries remain at the centre of a global bond sell-off despite efforts by US Treasury Secretary Scott Bessent to calm the market, investors in China are rushing to buy domestic government debt.
After China’s Ministry of Finance issued a fresh batch of savings bonds worth up to 55 billion yuan (US$8.2 billion) on Thursday, domestic buyers took to social media to share tips on how to secure them and voice frustration at how quickly the allocations had run out.
“Those government bonds…
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