(Bloomberg) — A sell-off in China’s government bonds is getting worse by the day.The plunge in the sovereign notes accelerated on Monday, pushing the benchmark 10-year yield up by the most since April. Selling momentum surged to the strongest since late 2017, according to the 14-day relative strength index on the rate.Risk appetite has returned as traders become increasingly optimistic that China and the U.S. will sign a partial trade deal next month. Meanwhile, bets for aggressive monetary easing have waned as the Asian nation’s inflation grew at a faster-than-expected pace in September.The People’s Bank of China skipped open-market operations …read more
Source:: Yahoo Finance
