China FX, Bond Volumes Sink With Virus Keeping Traders Home

Caixin Global | Feb 14, 2020 at 1:49 PM
  • China’s currency and bond markets have been devoid of traders as coronavirus cases continue to climb.
  • As trading volume was low for bonds, 10-year sovereign debt had its best week in five years while investment banks cut expectations on Chinese economic growth for both this quarter and 2020.
  • Ji Tianhe, a strategist at BNP Paribas SA, sees more gains once more market participants return, notably leveraged bond buyers.