China Yields Hit Near Record Lows on Deflation and Growth Concerns
- China 10-year yield near record low on deflation fears
- Consumer prices in China fell 0.3% in December
- Deflationary pressure and downturn in property market fueling speculation of further monetary easing
- People's Bank of China left 1-year medium-term lending facility rate at 2.5%
- MLF rate serves as basis for calculating China's de facto policy rate