(Bloomberg) -- Taiwan's government bonds may slump,
pushing yields to the highest since 2004, after traders placed
record bets against the debt, Taiwan Life Insurance Co. said.
Short sales reached a daily average of NT$37.8 billion
($1.1 billion) last week, the highest since records began in
March 2005, according to Huang Bing Jing, senior vice president
at Gretai Securities Market, which runs the nation's biggest
debt exchange. A short position is where an investor borrows an
asset in anticipation of making a profit by buying it back after
its price has fallen.
Read more at Bloomberg Bonds News
pushing yields to the highest since 2004, after traders placed
record bets against the debt, Taiwan Life Insurance Co. said.
Short sales reached a daily average of NT$37.8 billion
($1.1 billion) last week, the highest since records began in
March 2005, according to Huang Bing Jing, senior vice president
at Gretai Securities Market, which runs the nation's biggest
debt exchange. A short position is where an investor borrows an
asset in anticipation of making a profit by buying it back after
its price has fallen.
Read more at Bloomberg Bonds News
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