FX.co ★ China 10-Year Yield Steady for 2nd Session

China's 10-year government bond yield remained stable for the second consecutive session at approximately 1.69% on Wednesday, following the conclusion of high-level discussions between the United States and China in London. These negotiations resulted in a framework agreement focused on implementing the Geneva consensus and advancing the commitments made during a recent presidential phone conversation. Under this framework, China is anticipated to ease export restrictions on rare earth minerals and magnets, while the U.S. is contemplating easing its controls on advanced technology exports to China. Although both countries will seek final approval from their respective leaders before proceeding, the agreement has generated optimism among investors. They hope it could contribute to easing the prolonged trade tensions between the world's two largest economies. In China, investors are also awaiting the release of several key economic indicators next week, including industrial production, retail sales, and the unemployment rate.