China government bonds are higher amid increasing demand for safe-haven assets as the domestic equity market tumbles following the sharp decline on Wall Street Friday, says a Beijing-based trader with a local brokerage. "The weak PMI data for May has boosted investors' expectations that more easing monetary policies will be introduced in the near term, which will support bond prices," he says. The Shanghai Stock Exchange government bond index is at 133.35 vs 133.29 at Friday's close, and is tipped to test 133.40 later Monday.
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