China’s Growing Pile of Long-Term Debt to Deepen Pricing Stress
China is issuing a greater proportion of longer-maturity sovereign debt to secure financing, but the increase in supply risks pushing up yields and weighing on already-weakening demand.
By Iris Ouyang, Jing Zhao · Bloomberg Markets
China is issuing a greater proportion of longer-maturity sovereign debt to secure financing, but the increase in supply risks pushing up yields and weighing on already-weakening demand.