SHANGHAI/HONG KONG -- China's government bond yields edged lower for the second day in a row on Wednesday, despite a declaration that measures to lift them were working, highlighting the challenge authorities face in cooling the market while spurring the economy.
The yield on the 10-year government bond, which moves inversely to prices, had rebounded from a record low earlier this month to hit 2.2484% on Monday. However, the rate drifted back to 2.2273% on Tuesday and continued to retreat on Wednesday morning.
