scorecardresearchOverseas Funds Cut China Sovereign Bonds for Record Fifth Month

Overseas Funds Cut China Sovereign Bonds for Record Fifth Month

Updated: 21 Jul 2022, 08:06 AM IST
TL;DR.
Overseas investors cut holdings of Chinese sovereign bonds for a fifth month in June, the longest string of outflows on record, as rising US Treasury yields reduce the attractiveness of yuan-denominated debt.
A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/Kim Kyung-Hoon

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/Kim Kyung-Hoon