China’s 30-Year Yields Set for Highest Close Since 2024 on Oil

Yields on China’s 30-year bonds were headed for the highest close since September 2024 as rising oil prices fueled by the war in Iran stoked inflation concern.

China’s 30-year bond yields rose three basis points to close to 2.4% while those on 10-year notes edged up two basis points to 1.84% on Monday. Futures on 30-year bonds fell to the lowest level since October 2024.