China Bond Bears Eye Niche Swap Trade as Rally Doubts Grow

Chinese investors are betting a months-long rally in two-year government bonds has gone too far, turning to arbitrage trades more commonly used in the US and Europe to put that...

By Charlie Zhu, Wenjin Lv, Jing Zhao · Bloomberg Markets

Chinese investors are betting a months-long rally in two-year government bonds has gone too far, turning to arbitrage trades more commonly used in the US and Europe to put that view to work.