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The usefulness of Chinese Bonds
Weekly investor research
19 February 2018
Chinese bonds have done better than developed market bonds even during bouts of severe China pessimism and negative EM sentiment. This suggests an important role for Chinese bonds both within developed market and EM portfolios. Zuma has departed for ‘Loserville’ in South Africa, Poland is reforming the pension system, reserve ratios are cut in the Philippines, there are new Mexican polls and macroeconomic developments in India. The global macro backdrop section discusses the reasons why the Dollar is performing so badly.