[revealer]

Pple so worried about the present situation,  buying up China bond even though PBOC threatened to sell large quantities of China bond.

Chinese bond investors are pushing yields to new lows as they price in a gloomy outlook for economic growth and brush aside the central bank’s efforts to cool a rally in longer term debt.

The yield on China’s benchmark 10-year government https://www.bloomberg.com/news/articles/...c-pushback bond is set to close at a record low level on Thursday, while the 30-year yield extended declines to the lowest in almost two decades. The moves follow a wave of growth forecast downgrades for China by global banks, and come as authorities mull mortgage rate cuts to ease a real estate crisis extending into its fourth year.

https://www.bloomberg.com/news/articles/...c-pushback

[revealer]

Corporate bond spreads r widening in CHINA. What happen if allow to widen continuously ?

China Corporate Bond Spreads Widen to Most in Year on PBOC Move

Three-year corporate bond spread at 55 basis points on Tuesday
The central bank implemented its bond initiative in August


Spreads for Chinese corporate notes have widened to the most in a year as investors piled into the nation’s sovereign debt market.

The yield premium of three-year AAA-rated corporate yuan bonds over comparable central government debt grew to 55 basis points on Tuesday, a level not seen since last September, according to data compiled by Bloomberg. Spreads were little changed on Wednesday, tightening by about one basis point.

https://www.bloomberg.com/news/articles/...-in-a-year