China 10Y Yield Hovers Near 2025 Low
China’s 10-year government bond yield fell to around 1.65% on Tuesday, hovering near its lowest level since June 2025 after the People’s Bank of China left its benchmark lending rates unchanged. The central bank kept the one-year loan prime rate at 3% and the five-year rate at 3.5%, holding both at record lows for a 17