China's treasury bonds see biggest sell-off in three years amid risk-on mood

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China's treasury bond market saw the biggest sell-off in three years on Monday, as the stock market staged a rally on hopes of stronger economic recovery, more reforms from the government for the capital market and ample liquidity.

The yield on the 10-year government bonds in the interbank market climbed 10.1 basis points to close at 2.9975 per cent, the highest since January 23 this year. The yield touched 3 per cent mark at one point.

The yield on the 10-year bonds issued by the China Development Bank, the . . .

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