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China's forex reserves rise more than expected in May

BY Reuters | ECONOMIC | 06/06/26 10:06 PM EDT

BEIJING, June 7 (Reuters) - China's foreign exchange reserves rose more than expected in May, central bank data showed on Sunday, as the greenback regained broader momentum.

The country's foreign exchange reserves, the world's largest, amounted to $3.442 trillion last month, beating the $3.411 trillion expected by analysts in a Reuters poll. The reserves totalled $3.411 trillion in April.

The yuan rose 0.95% against the dollar last month, while the dollar strengthened 0.85% against a basket of major currencies. (Reporting by Qiaoyi Li and Kevin Yao; Editing by Kim Coghill)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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