Chinese police and travelers wear protective masks at Hongqiao high-speed railway station before Chinese New Year in Shanghai, China, on Wednesday, Jan . 22, 2020
Qilai Shen | Bloomberg | Getty Images
Chinese government bond futures surged on Thursday as investors’ worries heightened over the spread of a new flu-like virus that has forced China to lock down a city of 11 million people.
Chinese 17 – year treasury futures for March delivery, the most traded contract, rose 0. 90% in afternoon trade to 600. 90 .
Yields on China’s 11 government bonds fell below 3%.
China is putting a transport lockdown on the city of Wuhan, which is considered the epicenter of the new coronavirus outbreak that has killed
and infected nearly 823 people , as health authorities around the world work to prevent a global pandemic.
GIPHY App Key not set. Please check settings