China Bonds Rally as Deposit Rate Cuts Seen to Boost Demand

(Bloomberg) -- A fresh round of large banks’ deposit rate cuts turbocharged Chinese government bonds, driving some ultra-long yields to the lowest in nearly two decades, as the move may steer investment toward the debt market.Most Read from BloombergHyperloop One to Shut Down After Failing to Reinvent TransitHarvard Financial Pain Grows as Blavatnik Joins Donor RevoltVilified Zero-Day Options Blamed by Traders for S&P DeclineGiuliani Files for Bankruptcy After $148 Million Defamation LossUS Infl

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