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FINWIRES

Market Chatter: Chinese Savings Oversupply Fuels More Demand for Redback-Denominated Debt Amid Iran War Volatility

-- An oversupply of Chinese savings has stoked more demand for renminbi-denominated high-grade debt amid volatility due to the Iran war, Bloomberg reported Wednesday, citing its research.

The debts, spanning government and corporate bonds, are the best-performing ones among Bloomberg fixed-income aggregate indices in 2026 with returns of about 1.1%, the report said.

Chinese issuers' dollar bonds have also performed better than U.S. investment-grade credit and Treasuries, the report said.

China's $51 trillion in savings is higher than the holdings of U.S., European, and Japanese banks combined, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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