China 10Y Yield Extend Gains
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China's 10-year government bond yield rose to 1.84% as the People's Bank of China maintained lending rates, signaling no immediate monetary easing. The central bank's decision reflects flexibility in delaying new stimulus, despite slowing factory output, retail sales, and property sector strains. At the Central Economic Work Conference, officials pledged proactive fiscal support in 2026 to boost consumption and investment, targeting 5% growth.
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