Summary: China raised a record 1.45 trillion yuan from bonds in the first quarter, tripling the amount from the same period last year. This debt issuance signals Beijing’s urgency to stimulate growth and prevent a repeat of an overheated bond market. The yield on China’s benchmark 10-year sovereign bond rose to nearly 1.8% due to supply pressure and a pivot of funds into Chinese tech stocks.

Link: https://www.businesstimes.com.sg/companies-markets/banking-finance/china-raises-record-1-45-trillion-yuan-bonds-stimulus-signal