China’s $1.3 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 […]