The U.S. bank unveiled two new government bond indexes, one of which will include China. Citi said China bonds would be included in its three government bond indexes — the Emerging Markets Government Bond Index (EMGBI), Asian Government Bond Index (AGBI) and the Asia Pacific Government Bond Index (APGBI). The announcement by Citi Fixed Income Indices came days after Bloomberg included China bonds in its global indexes offering, and could prompt other index publishers to follow suit. Citi did not give a specific date for when China bonds would be added to its indexes. Citi said that it had been monitoring China's eligibility since February 2016, when Beijing opened its interbank bond market to foreign participants, and had now decided to include China bonds in its indexes after an extensive review.

Source: The Edge Markets March 07, 2017 11:48 UTC