Citi turns bullish on China 30-year bonds, sees yields falling to 1.8%

Citi Research recommends going long on China's 30-year government bonds, projecting yields to fall toward 1.8% and 10-year yields toward 1.6%, citing easing supply pressures and improved market dynamics. This contrasts with rising US Treasury yields, highlighting divergent monetary conditions. The call signals expectations of continued easing by the PBoC and potential capital flows into Chinese fixed income.