China Data Press SUN Benchmark. Market participants responded negatively to China’s August retail sales which only grew 2.5%, as well as consumer spending data, which was far below the 7% growth forecast. The benchmark short tenor Government Securities (SUN) FR0086 recorded a yield increase of nearly 2 bps to 5.04%. Meanwhile, the 15-year benchmark FR0088 is flat at par with a yield of 6.24%.
Download full report HERE.