China's Government Bond Yields Increase Amid Tight Cash Conditions
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China's government bond yields are rising due to tight cash conditions and stock market rallies, with the 10-year yield reaching its highest level since October.
China's government bond yields experienced an increase as tight cash conditions in the local market and a rally in stocks reduced the demand for debt.
The benchmark 10-year yield rose four basis points on Monday to 1.69%, marking the highest level since October. This rise followed a record low reached earlier this month. Additionally, the one-year yield climbed to a three-month high in the most recent session.
