The impact of a pricing blackout in China’s debt market was immediate — a drop in trading volume in the country’s most liquid bond.
Volume in the most active 10-year China Development Bank bond was 239 billion yuan ($34.6 billion) as of 5.30 p.m. local time Wednesday, 14% below the 278 billion yuan in the previous session, according to traders citing official data. The decline came the day after money brokers had to suspend their data feeds due to security concerns, according to reports that the regulator had stepped in.
Trading in the late session was unlikely to make up ...