China's bond market gains as central bank resumes debt purchases amid growth concerns

China's bond market is set to gain further momentum, buoyed by the central bank's resumption of government debt purchases, as softer economic data and downward pressure on growth necessitate further policy easing, according to analysts. Huayuan Securities forecast that the upward trend was likely to drive the yield on China's benchmark 10-year sovereign bond down to 1.65 per cent within this year. Southwest Securities predicted a drop to 1.7 per cent. The yield currently stands at 1.808 per cent. Economic ...