China 10-Year Yield Retreats

2026-02-24 02:18 By Joshua Ferrer 1 min. read

China’s 10-year government bond yield fell to around 1.81% on Friday, retreating from a one-month high reached in the previous session as investors returned from a week-long holiday with caution amid trade policy concerns, while the People's Bank of China kept rates unchanged for the ninth straight month.

The PBoC held its one-year and five-year loan prime rates at 3% and 3.5%, respectively, indicating that authorities are in no rush to implement broad monetary easing after recent sector-targeted cuts.

The decision also reflects a careful balance between supporting growth and maintaining financial stability.

Meanwhile, US President Donald Trump announced plans to raise a temporary 10% tariff on imports to 15% in response to a ruling by the Supreme Court.

He further warned that countries backing away from recent trade deals could face even higher duties.

Still, sentiment was aided by expectations that Trump’s new tax policies could boost Chinese exports.



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