A selloff in China’s longer-dated government bonds is getting worse, as proposed changes to mutual funds fees add more pain to a market that was already suffering from a prolonged rotation to stocks.
The yield on China’s 30-year government bonds rose for a fifth consecutive session on Wednesday to about 2.21%, its highest level since November, according to data compiled by Bloomberg. The yield on 10-year notes climbed two basis points to 1.9%, the highest since March.