Chinese Bonds Extend Losses as PBOC Warns About Potential Risks
- Benchmark 10-year yield climbs by most since February
- PBOC cautioned about interest-rate risk in bond investments
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China’s 10-year bonds extended recent declines as the central bank warned about potential risks arising from the relentless rally in the debt market.
The benchmark yield headed for its biggest one-day gain since February on a closing basis after the People’s Bank of China said in a quarterly monetary policy report published Friday that wealth management products based on bonds were exposed to interest-rate risk and could lead to losses.