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The Wall Street Journal: Chinese bonds to join major global index for first time

Bloomberg LP said it would add Chinese bonds to one of its indexes next year, the first such major global benchmark to include debt from the world’s second-largest economy.

The company Friday said it plans to add yuan-denominated bonds over a 20-month period starting in April 2019 to its Bloomberg Barclays Global Aggregate Index.

Chinese bonds are set to make up 5.49% of the $53.73 trillion index once fully added, which will make the yuan CNYUSD, -0.3764% the fourth-biggest currency in the benchmark after the U.S. dollar, euro and Japanese yen.

“Today’s announcement recognizes China’s continued efforts over recent years to enhance access to the world’s third-largest bond market,” said Michael Bloomberg, founder of Bloomberg.

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