The yield on China's 10-year government bonds fell to a historic intraday low of 1.58%, Bloomberg reports. The decrease in the index is due to excess liquidity in the interbank market. Traders expect borrowing costs to fall further after the People's Bank of China signaled a move to the overnight reverse repurchase rate as its main monetary policy guide.

The yield on China's 10-year government bonds fell to a historic intraday low of 1.58%, Bloomberg reports. The decrease in the index is due to excess liquidity in the interbank market. Traders expect borrowing costs to fall further after the People's Bank of China signaled a move to the overnight reverse repurchase rate as its main monetary policy guide.