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China's Bond Market Plummets Amid Rising Inflation Fears

3/10/2026

47 9 Full Breakdown

Summary

Story summary

China's government bond market faces pressure as inflation rises from higher oil prices tied to the Iran war.
The yield curve steepened, with the spread between 10- and 30-year bonds at 52 basis points, the highest since 2022.
Bond futures posted their largest drop this year, reflecting a global debt selloff.
February prices rose 1.3% year over year, heightening inflation fears and signaling tighter policy.

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Story summary

China's government bond market faces pressure as inflation rises from higher oil prices tied to the Iran war.
The yield curve steepened, with the spread between 10- and 30-year bonds at 52 basis points, the highest since 2022.
Bond futures posted their largest drop this year, reflecting a global debt selloff.
February prices rose 1.3% year over year, heightening inflation fears and signaling tighter policy.