Bloomberg is to add Chinese bonds to its Bloomberg Barclays Global Aggregate Index next year
I don't know if this got a run on ForexLive on Friday, but in case not:
- Bloomberg plans to add yuan-denominated bonds over a 20-month period starting in April 2019
- Chinese bonds are set to make up 5.49% of the $53.73 trillion index once fully added
- Will make the yuan the fourth-biggest currency in the benchmark after the U.S. dollar, euro and Japanese yen
GS ppreviously estimated the move could eventually trigger foreign-investor flows of up to $250 billion into China's bond market
More detail:
Wall Street Journal (may be gated):
- China to Join Major Global Bond Index for First Time
Chinese bonds will represent 5.49% of the Bloomberg Barclays Global Aggregate Index
Ungated here:
And, of course, Bloomies themselves: