The Weekly Fix: How China Bonds Became the New JGBs
Xi Jinping, China's president.
Photographer: Justin Chin/BloombergWelcome to the Weekly Fix, the newsletter with its ear to the ground so you don't have to get dirty. I'm Stephen Spratt from the FX/Rates team in Hong Kong.
Japan has the world's second-largest government bond market. Its 10-year benchmark bond hit 0% earlier this week for the first time this year --- and yet few were watching, or cared, because they don't really matter.