Signage for the China-Hong Kong Bond Connect and a gong are seen at the Hong Kong Stock Exchange in Hong Kong, China. (Photographer: Anthony Kwan/Bloomberg)

China Dislodged by India as 2017's Worst Big Bond Market: Chart

(Bloomberg) -- India just toppled China as the world’s worst-performing major bond market. The Indian government’s decision to borrow an additional 500 billion rupees ($7.8 billion) sent the benchmark 10-year yield to its highest since July 2016 on Thursday. In China, yields topped 4 percent last month as the deleveraging campaign sent bonds tumbling.

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