Yield squeeze hits country's debt sales

摘要

China's domestic bond rout deepened last week after the country introduced guidelines to revamp the massive asset-management industry, prompting issuers - including a big policy bank - to postpone offerings. export-import bank of china had been due to sell up to Rmb10bn (US$1.5bn) of domestic notes on Thursday, but called off the deal late on Wednesday after heavy sell-offs in the domestic bond market that day.