September was +17.3% y/y
For the January to October period, +1.9% y/y
--
Earlier I posted on the China 10 year bond .... a little more:
- yield hit 4 % for the first time in three years
- higher inflation and government signals on further deleveraging
David Qu, a market economist at ANZ in Shanghai.
"There's a chance that we will see an extensive and quick slump in bonds in the near term. If sentiment continues to worsen, there will be a selloff in corporate bonds, too, and then the entire bond market will face strong pressures.
The fact that worse-than-expected monetary and real economic data didn't manage to help bonds shows that the market is losing confidence and the decline is not supported by fundamentals
Investors should expect tougher financial regulations and tighter monetary policy next year, which means bond yields will keep climbing."-
via Bloomberg
