China 10-Year Yield Declines to Historic Low as Rally Extends
The yield on China’s benchmark bonds fell to a record low as investors continued to snap up the notes amid pessimism about the domestic economy and expectations for further stimulus.
The yield on China’s benchmark bonds fell to a record low as investors continued to snap up the notes amid pessimism about the domestic economy and expectations for further stimulus.
South Korea’s export growth accelerated last month, reflecting resilience in global demand as the artificial intelligence and technology sectors drive record gains in semiconductor sales.
The euro climbed with European stock-index futures on speculation Marine Le Pen’s far-right party will struggle to win an outright majority in French elections, easing concern about further strains on the country’s public finances.
The downturn in China’s residential real estate sector slowed further in June, following the government’s efforts to put a floor under the housing market in some of its biggest cities.
The Chinese Communist Party’s top ranks gather this month for one of the country’s biggest annual policy meetings, with everything from chip technology to land reform and a revamp to the nation’s biggest tax source possibly on the cards. What isn’t expected is the kind of major policy pivot that’s often been seen in the past.
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