FX.co ★ China 10-Year Yield Jumps Amid Trade Optimism

China's 10-year government bond yield rose to approximately 1.71% on Wednesday, marking its fourth consecutive day of increases. This climb comes as investors evaluate the latest progress in US-China trade discussions. US Treasury Secretary Scott Bessent recently announced that officials from Washington and Beijing are scheduled to meet in Stockholm next week for a third round of high-level negotiations. The talks aim to extend the current pause in trade tensions beyond mid-August. Swedish Prime Minister Ulf Kristersson, as the host nation leader, has expressed support for the upcoming discussions. Meanwhile, a spokesperson from the Chinese embassy confirmed that both countries have agreed on the implementation specifics of a previous agreement between Presidents Trump and Xi Jinping. Investors are now eagerly awaiting the release of China's industrial profits data this weekend, seeking further insights into how domestic companies are coping with the persistent tariff pressures.