China government bond yields plumb lows after PBOC comments

Chinese government bond yields declined on Wednesday with the 10-year yield falling to a 22-year low on expectations that authorities will keep monetary conditions easy as they aim to revive domestic consumption and meet economic growth targets. The 10-year government bond yield fell to 2.283%, the lowest since April 2002. The yield has fallen 27 basis points from levels of 2.55% at the end of January.