Bond market may stagnate
By Wang Yanlin |
August 1, 2012, Wednesday
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Print Edition
Print Edition
CHINA'S bullish bond market may have come to an end with the supply of bonds to exceed 2 trillion yuan (US$317 billion) in the third quarter, according to analysts.
Analysts cautioned investors of less opportunities in the market as no yield increases are reported in longer-term bonds after two interest rate cuts so far this year.
"The slowdown and the pressure of economic restructuring are influential to the bond market," said Shi Lei of Ping An Securities Co. "The supply in the third quarter is excessive and it may put an end to the country's bullish bond market."
China issued bonds worth 1.3 trillion yuan in the first quarter and 1.7 trillion yuan in the second.
Analysts cautioned investors of less opportunities in the market as no yield increases are reported in longer-term bonds after two interest rate cuts so far this year.
"The slowdown and the pressure of economic restructuring are influential to the bond market," said Shi Lei of Ping An Securities Co. "The supply in the third quarter is excessive and it may put an end to the country's bullish bond market."
China issued bonds worth 1.3 trillion yuan in the first quarter and 1.7 trillion yuan in the second.
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