Average daily volumes of Chinese bonds executed via Tradeweb on
the Bond Connect platform hit $957 million dollars in February,
marking a rise of almost 184 percent year-on-year, Tradeweb said
in its monthly activity report.
China and Hong Kong launched the "Bond Connect" scheme in 2017
to link China's $9 trillion bond market with overseas investors,
the latest step in Beijing's efforts to liberalize and
strengthen the country's capital markets.
Tradeweb was the first trading platform to link to Bond Connect.
According to Tradeweb, average daily trading volumes in U.S.
Treasuries rose 3.7 percent year-on-year in February to almost
That set a new monthly record for total Treasury trading volume
despite low market volatility, Tradeweb said.
Record trading volumes were also seen last month in U.S.
investment-grade credit and European exchange traded funds,
(Reporting by Dhara Ranasinghe, Editing by Abhinav Ramnarayan)
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