SHANGHAI: Chinese government bond yields fell to their lowest in more than a year on Monday as traders worried about the impact of a surge in new coronavirus cases.

The yield on the benchmark 10-year Chinese government bond fell to 2.7975% in morning trade on Monday, the lowest since June 2020.

Foreign holdings of China govt bonds top 10% in January

The most-traded China 10-year government bond futures contract, for September delivery, rose as much as 0.4% in early trade.