FX.co ★ China 10-Year Yield Falls Amid Stalled US-China Trade Talks

China's 10-year government bond yield fell to approximately 1.70% on Friday, as investors gravitated towards safer investments due to the lack of progress in US-China trade negotiations. On Thursday, Treasury Secretary Scott Bessent commented that discussions with China are currently "a bit stalled" and may need direct involvement from Presidents Trump and Xi Jinping to advance. Although a temporary truce was established two weeks prior, the momentum has diminished. Meanwhile, Washington heightened export restrictions, essentially preventing certain American companies from selling crucial technologies to China. Domestically, investors are keenly anticipating PMI data due for release over the weekend, which is expected to offer significant insights into the economic status of the world's second-largest economy.