Trading on China’s new bond link to the rest of the world started on Monday, with little in the way of a market reaction, Bloomberg reports. First-day turnover on the system was 7 billion yuan ($1 billion), 4.9 billion yuan of which came from bid requests, according to a statement posted on the website of the National Interbank Funding Center. Some 130 new investors registered with the program as it started. The 10-year government debt yield rose just three basis points to 3.60%. The bond connect with Hong Kong, which gives offshore investors another way to access the mainland’s $10 trillion debt market, echoes the two cross-border stock connect programs available in the former British colony. The latest system, which will initially only allow one-way flows to the world’s third-largest bond market, is an effort to increase the meager foreign holdings of mainland debt, and one more step in China’s efforts to become part of the international financial system.