CNY: Safe-haven role and CGB demand – BNY

BNY Strategist Geoff Yu highlights that CNY initially behaved like a secondary safe haven during the conflict, with strong performance and managed volatility, while flows showed an inverse relationship with CGB holdings.

capitalindexers
capitalindexers
 Apr 10, 2026  0  1
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CNY: Safe-haven role and CGB demand – BNY
BNY Strategist Geoff Yu highlights that CNY initially behaved like a secondary safe haven during the conflict, with strong performance and managed volatility, while flows showed an inverse relationship with CGB holdings.
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