Bonds issued by China's local government financing vehicles (LGFVs) see robust demand, bond yields on some LGFV bonds near the lowest on record, as market confidence in these financing platforms recovers on expectation of their rising importance in the government's campaign to boost the economy.
Since markets reopened after the Lunar New Year holiday, China's bond yields have dropped significantly, with yields on LGFV bonds falling at a faster pace, due to the increasing . . .
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