China bonds get muted response pre-Fed meeting

Yunnan Energy and Zhenjiang Transportation managed to close dollar bonds this week. But as investors focused on the possibility of a US rate hike, they had to do so without big demand.

China bonds get muted response pre-Fed meeting

A pair of Chinese local government financing vehicles LGFVs tapped the international bond markets this week, braving the market ahead of the US Federal Reserve's monetary policy meeting next week.

But with most investors waiting on the sidelines for signals from the Fed, Yunnan Energy and Zhenjiang Transportation struggled to entice investors, who had seen $2.1 trillion wiped off global bond markets in the biggest four-week selloff in the...

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