China 10-Year Yield Falls to 1.73% as PBOC Reaffirms Accommodative Policy
Updated
Updated · TradingView · Jul 10
China 10-Year Yield Falls to 1.73% as PBOC Reaffirms Accommodative Policy
1 articles · Updated · TradingView · Jul 10
Summary
China’s 10-year government bond yield dropped to 1.73% on Thursday, extending the prior session’s decline and hitting its lowest level in a week.
The move followed the PBOC’s pledge to keep policy appropriately supportive and step up financial backing for domestic consumption, even as it flagged weak demand against strong supply.
June data reinforced that backdrop: consumer inflation slowed to 1.0% from 1.2%, while producer-price inflation accelerated to 4.1% from 3.9%, its fastest pace since July 2022.
The central bank has still left key interest rates and reserve requirement ratios unchanged, focusing instead on refining its policy framework and improving monetary-policy transmission.