Overseas investors cut holdings of Chinese bonds for a fourth straight month in May, and at the fastest rate in more than five years, as diverging monetary policy kept Chinese yields below their US counterparts.
Foreign holdings of yuan bonds traded on China’s interbank bond market totalled 3.66 trillion yuan ($546.54 billion) at the end of May, according to calculations on data released by depository institutions China Central Depository & Clearing Co . . .
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