China 10-Year Bond Yield Steady
China's 10-year government bond yield hovers around 1.65% as investors remain wary amid the ongoing uncertainties surrounding Sino-US trade relations. On Thursday evening, President Trump indicated a potential de-escalation of trade tensions with China, stating his reluctance to further increase tariffs and suggesting a possible future reduction. This follows Beijing's earlier move to delineate its prerequisites for resuming negotiations, emphasizing the need for mutual respect, consistent policies, and a clearly designated US negotiator fully endorsed by Trump. Meanwhile, recent data revealed that China's economy grew more robustly than anticipated in the first quarter, posting its fastest rate of expansion in more than a year. Industrial production and retail sales figures for March surpassed expectations, and a slight decrease in the unemployment rate suggests that government policy measures are bolstering the economy.
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