• A rally in China’s ultra-long bonds is accelerating, in a sign that investors are ramping up wagers on fresh monetary easing to cement a nascent economic recovery.
  • The yield on the country’s 30-year government notes has dropped 11 basis points in the past five sessions, the fastest pace for any such period since August 2022, Bloomberg-compiled data show. At 2.47%, the yield also is at its lowest in nearly two decades.