China’s markets already pricing in more easing

BEIJING: Investors across China’s financial markets are betting the central bank will need to keep ramping up monetary stimulus, ignoring economists who are virtually certain that won’t happen any time soon.

Those expectations helped kickstart a fresh rally in the country’s government bonds on Tuesday as markets reopened after a long weekend. Futures surged the most in two months and the benchmark 10-year yield fell to the lowest since 2002.