---
title: Forget US Treasuries, Chinese bonds are the new safe-haven trade
description: "Since the start of the war, foreigners have:\n- Dumped $82B of Treasuries\n- Piled into panda bonds\nAnd this has nothing to do with China paying higher yields…\n- US 10-year yield: 4.4%\n- China 10-year yield: 1.8%\nIn the midst of the biggest energy crisis, foreigners are choosing panda bonds over USTs.\nSource: Bloomberg, Lukas Ekwueme"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Forget US Treasuries, Chinese bonds are the new safe-haven trade](https://blog.syzgroup.com/syz-the-moment/forget-us-treasuries-chinese-bonds-are-the-new-safe-haven-trade)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 9, 2026, 1:28:19 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/forget-us-treasuries-chinese-bonds-are-the-new-safe-haven-trade)

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