OK, re the alphabet soup headline:
- CBG - Chinese Government Bonds
- WGBI - World Global Bond Index
The news earlier:
- FTSE Russell will add China government bonds to benchmark WGBI index next year
- China's inclusion in the FTSE Russel Bond Index expected to attract USD120bn inflows
Adding an estimate from Goldman Sachs, that they expect inflows of around US$140 bn into mainland bonds over the inclusion period.