Home Latest News Chinese treasury futures surge as new virus spreads - CNBC

Chinese treasury futures surge as new virus spreads – CNBC


Chinese police and tourists put on protecting masks at Hongqiao large-speed railway station just before Chinese New Calendar year in Shanghai, China, on Wednesday, Jan. 22, 2020.

Qilai Shen | Bloomberg | Getty Photos

Chinese governing administration bond futures surged on Thursday as investors’ problems heightened more than the spread of a new flu-like virus that has forced China to lock down a town of eleven million people today.

Chinese ten-year treasury futures for March shipping and delivery, the most traded deal, rose .forty two% in afternoon trade to 99.fifty seven.

Yields on China’s 10-12 months authorities bonds fell below three%.

China is placing a transport lockdown on the city of Wuhan, which is thought of the epicenter of the new coronavirus outbreak that has killed 17 and infected nearly 600 men and women, as health authorities close to the environment perform to reduce a global pandemic.

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