FX.co ★ China 10-Year Yield Rises for Sixth Session

On Friday, the yield on China's 10-year government bond rose slightly to approximately 1.73%, marking the sixth straight session of gains. This movement comes as investors are cautiously eyeing next week's crucial trade negotiations between the US and China. US Treasury Secretary Scott Bessent confirmed the impending talks in Sweden but noted that the TikTok issue might be on the table as well. He warned that the app might face an outright ban in the US unless Beijing consents to a divestment deal involving ByteDance. Concurrently, President Donald Trump indicated a potential visit to China "in the not too distant future," which could be perceived as an effort to ease tensions between the world's two largest economies. Investors are also awaiting the release of China's industrial profits data this weekend, which is expected to provide insights into how companies are coping with tariff and trade challenges.