周三，中国10年期政府债券收益率升至1.74%左右，延续了前一交易日的涨幅，投资者消化了最近结束的“建设性”美中贸易谈判的最新进展。虽然没有取得重大突破，但双方同意寻求延长目前的90天关税停火，旨在缓解世界两大经济体之间持续的贸易争端的紧张局势。尽管有这一发展，美国财政部长贝森特强调，特朗普总统对所有贸易协定拥有最终权力，包括与停战有关的任何决定。尽管如此，他淡化了对特朗普拒绝延期的担忧，但警告说，如果在最后期限前没有达成新协议，美国对中国商品的关税将恢复到4月份的三位数。在国内，投资者正在关注明天的采购经理人指数数据，以寻找该国经济在国内挑战加剧和全球贸易不确定性下健康的迹象。
China’s 10-year government bond yield rose to around 1.74% on Wednesday, extending gains from the previous session, as investors digested the latest updates from the recently concluded “constructive” US-China trade talks. While no significant breakthroughs were achieved, both parties agreed to seek an extension of the current 90-day tariff ceasefire, aiming to alleviate tensions in the ongoing trade dispute between the world’s two largest economies. Despite this development, US Treasury Secretary Bessent stressed that President Trump holds ultimate authority over all trade agreements, including any decision related to the truce. Nevertheless, he downplayed fears that Trump would reject an extension but warned that without a new deal by the deadline, US tariffs on Chinese goods would revert to April’s triple-digit rates. Domestically, investors are watching tomorrow’s PMI data for signs of the health of the country’s economy amid rising domestic challenges and global trade uncertainty.
