China 10-Year Yield Declines to Historic Low as Rally Extends
The yield on China’s benchmark bonds fell to a record low as investors continued to snap up the notes amid pessimism about the domestic economy.
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The yield on China’s benchmark bonds fell to a record low as investors continued to snap up the notes amid pessimism about the domestic economy.
Worries over the outlook for China’s economy remained even after a private gauge of factory activity rose to a three-year high amid indications that manufacturer confidence is sagging.
China appears to have stopped publishing data that highlight the extent to which power generated by solar and wind plants is being wasted as rapid renewable energy expansion runs up against constrained grids.
The downturn in China’s residential real estate sector slowed further in June, following the government’s efforts to put a floor under the housing market in some of its biggest cities.
Singapore home prices rose for a fourth straight quarter as the country’s property valuations continue to defy a significant slowdown in sales.
Jun 7, 2024
The Canadian Press
The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 3.6 per cent in May compared with the same month last year, with levels slightly higher than the historical average for this time of year.
The association says home sales in the region totalled 4,563 for the month, up from 4,405 in May 2023.
The median price for all housing types was up year-over-year, led by a 6.8 per cent rise for the price of a plex at $780,000 last month.
The median price for a single-family home rose 4.6 per cent to $575,500 and the median price for a condominium rose 1.7 per cent to $410,000.
QPAREB market analysis director Charles Brant attributed the "particularly solid" sales figures to factors such as economic growth and anticipation of the Bank of Canada's first cut to its key interest rate, which it announced earlier this week.
Active listings for May jumped 21.6 per cent compared with a year earlier to 18,996, while new listings rose 15.9 per cent to 7,005.
This report by The Canadian Press was first published June 7, 2024.