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China's new home prices fall faster in May

BY Reuters | ECONOMIC | 09:40 PM EDT

BEIJING, June 16 (Reuters) - China's new home prices fell at a slightly faster pace in May, official data showed on Tuesday, as the crisis-hit property sector continued to grapple with fragile demand, even as larger cities showed tentative signs of stabilisation

New home prices dipped 0.2% in May from the previous month, steepening from a 0.1% decline in April, according to Reuters calculations based on data released by the National Bureau of Statistics.

On an annual basis, prices fell 3.5% in May, matching the decline in April. (Reporting by Yukun Zhang, Liangping Gao and Ryan Woo; Editing by Kevin Buckland)

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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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