APAC Daily Chart Book
December 12, 2024
China
The 10-year government bond yield is in a state of wholesale collapse, posting new record lows at 1.82%, despite government efforts to put a floor under the 10-year yield. The new lows in the 10-year yield are symptomatic of weak aggregate demand. China’s ultra-long bond yields continue to trade below Japanese bonds of comparable duration, highlighting China’s weak long-term growth prospects even relative to Japan.
Australia
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