Chinese Bond Buyers Look to Arbitrage Trades to Juice Up Returns
China's government bond yields have been going sideways for months but traders have found at least one way to juice up returns: arbitrage.
A popular strategy involves bidding at auctions of longer-maturity sovereign bonds at prices lower than those at the secondary market, in the hope of reaping a profit by offloading them once they start trading, according to underwriters who asked not to be identified as they aren't allowed to speak publicly. The difference can be as little as one basis point.
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We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place. About BCG's Center for Customer InsightBoston Consulting Group's Center for Customer Insight (CCI) applies a unique, integrated approach that combines quantitative and qualitative consumer research with a deep understanding of business strategy and competitive dynamics. The center works closely with BCG's various practices to translate its insights into actionable strategies that lead to tangible economic impact for our clients. In the course of its work, the center has amassed a rich set of proprietary data on consumers from around the world, in both emerging and developed markets. The CCI is sponsored by BCG's Marketing, Sales & Pricing practice and Global Advantage practice. For more information, please visit the Center for Customer Insight. 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