Foreign investors dumped Chinese bonds for third straight month in April amid rising US yields, weakening yuan

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International investors reduced holdings of yuan-denominated bonds for the third straight month in April as Covid-19 lockdowns hit the Chinese yuan and rising US yields lowered appetite for Chinese debt.

Overseas institutional investors' holdings of yuan-denominated bonds in China's interbank market stood at 3.77 trillion yuan in April, decreasing by 108.5 billion yuan from the previous month, according to data released by the Shanghai branch of the People's . . .

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