中国10年期国债收益率在连续两个交易日上涨后暴跌至2.14%,原因是投资者忽视了乐观的中国采购经理人指数数据发布。私人调查结果显示,10月份,中国小型制造商的工厂活动恢复扩张,超过了预测的收缩。这与周四公布的官方数据一致,该数据显示,制造业活动自4月以来首次扩张,略高于预期,表明在最近的挣扎之后,市场情绪有所改善。然而,调查也揭示了潜在的弱点,因为出口订单继续下降,就业再次下降。交易员们现在正密切关注11月4日至8日举行的全国人民代表大会会议,以了解可能影响经济的潜在财政支持措施。
China's 10-year government bond yield tumbled toward 2.14%, after two consecutive sessions of gains, as investors overlooked upbeat Chinese PMI data releases. Private survey results indicated that China's factory activity returned to expansion among smaller manufacturers in October, exceeding forecasts that had predicted contraction. This aligns with the official data released on Thursday, which showed that manufacturing activity expanded for the first time since April, slightly surpassing expectations and suggesting improved sentiment after recent struggles. However, the survey also revealed underlying weaknesses, as export orders continued to decline and employment fell again. Traders are now closely monitoring the National People’s Congress meeting from November 4-8 for potential fiscal support measures that could impact the economy.