(Bloomberg) -- Signs that Chinese officials are pushing back on the record-breaking bond rally are deterring at least one group of investors that have been a key driver of recent gains.
Most Read from BloombergBuyers of wealth-management products are turning cautious.
The stabilization of deposit rates at major banks after a round of cuts in July also sapped demand for fixed-income funds and wealth products.
Since August, the authorities have been ratcheting up measures to cool the bond rally.
“But we should still pay attention to the disruptions caused by WMPs on the bond market.

China’s Steps to Cool Bond Rally Sap Demand for Wealth Products