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Investors step up haven bid


The ATF AllIndex CBM50 gauge of Chinese bonds ended last week at a record as fears the worldwide coronavirus outbreak would cause a global recession spurred investors to seek safety in fixed income.

The index, which is calculated from the yields of China’s most liquid government and corporate bonds, climbed towards 107 as the number of countries with the virus climbed and the global death toll passed 3,000. 


ATF ALLINDEX CBM50 Bond Index: A 50 constituent index, updated daily and selected from across the entire Chinese onshore bond market, that provides a benchmark measure of the Chinese onshore fixed income market. 

The CMB50 is taken from the ATF ALLINDEX Chinese Bond Market Index that tracks the price movements of Chinese CNY-denominated onshore bonds across the Corporate, Enterprise, Financial and Local Governments sectors.

Chris Gill

With over 30 years reporting on China, Gill offers a daily digest of what is happening in the PRC.