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China’s $1.3 billion sale of dim sum bonds is overbought as interest in yuan debt grows


China’s .3 billion sale of dim sum bonds is overbought as interest in yuan debt grows

The fourth sale of yuan-denominated Government bonds in Hong Kong has been heavily overbought this year as investors rushed to capitalize on the yield gap with the mainland through a cross-border investment channel with the city. The bonds, valued at 9 billion yuan ($1.3 billion) with maturities of two, three and 10 years, attracted bids […]