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China’s 10-year sovereign bond yield fell below 3% for first time in three years on weak data

The yield on China’s most-active bonds due in a decade broke through the important 3 per cent benchmark for the first time in three years to hit 2.9975 on Wednesday, shortly after the authorities released worse-than-expected economic data, adding pressure on Beijing to roll out more stimulus to boost the slowing economy amid an escalating trade war with the United States.

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