The outstanding amount of Commonwealth Government bonds increased slightly to $ 54 billion, while the state governments»
bond outstandings rose more strongly, to $ 62 billion.
Over the year, non-government
bond outstandings rose by $ 34 billion to $ 176 billion.
Not exact matches
LGFV debt, however, has continued to
rise with 4 trillion yuan ($ 605 billion) worth of LGFV
bonds issued since 2015 still
outstanding, equivalent to 5.4 percent of China's gross domestic product.
Conversely, as interest rates fall, prices of
outstanding bonds rise until their yield matches that of new
bonds issued at the current rate.
As market interest rates
rise, the prices of
outstanding bonds with lower rates fall.