China Bond Yields Turn Negative in Burst of Friday Trading
- Shenzhen exchange slaps trading restrictions on some investors
- Prices on 2027 policy bank bond more than triples on bourse
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Negative bond yields showed up in China on Friday.
Three bonds of China Development Bank suddenly saw prices surge -- one by more than 200% -- within an hour to send the yields on the policy bank notes deep into negative territory of almost -15%.