SHANGHAI/HONG KONG — Chinese long-term government bond yields hit a new low on Wednesday, underscoring strong investor appetite for safe-haven assets despite the central bank's intervention to quell the bubble.
The yield on the 10-year Treasury note, which moves in the opposite direction to price, fell 0.0142 percentage point to 2.1056%, according to data provider Wind. This is the lowest level since at least 2015, the starting point for comparable data.