In China, the 10-year government bond yield declined to approximately 1.67%, nearing a three-month low, following the People’s Bank of China’s decision to reduce key lending rates for the first time in seven months. The one-year loan prime rate was lowered by 10 basis points to 3.0%, and the five-year rate, a reference for mortgages, was cut to 3.5%, both reaching record lows. The move aligned with recent broader monetary easing measures.

Meanwhile, U.S. Treasury yields declined, with the 10-year yield falling to 4.44%, while Japan’s 10-year yield edged up to around 1.514%.

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