Chinese Bonds Favored, UBS Asset's Briscoe Says

The video discusses the Chinese bond market, highlighting the influx of supply backed by the Medium Lending Facility (MLF) and the attractiveness of yields. It explores the market dynamics, including banks switching to local government bonds and the impact of PBOC injections on the credit market. The economic outlook suggests a slowdown, yet the bond market remains strong. Structural inflows into Chinese bonds are driven by institutional investors and the trading of the Shanghai oil contract, indicating a significant structural trend.

What factors are contributing to the attractiveness of Chinese bonds at the moment?

Discuss the impact of the PBOC injections on the bond market yields.

How has the supply of bonds in the Chinese market changed recently?

What role do institutional investors play in the current bond market dynamics?

What structural trends are influencing the Chinese bond market?