China’s 10-year government bond yield jumped to around 1.71% on Wednesday, marking its fourth consecutive session of gains, as investors assessed the latest developments in US-China trade negotiations. US Treasury Secretary Scott Bessent recently announced that officials from Washington and Beijing will convene in Stockholm next week for a third round of high-level talks, focusing on securing an extension of the current pause in trade tensions beyond mid-August. As host nation leader, Swedish Prime Minister Ulf Kristersson welcomed the upcoming talks. In a related development, a spokesperson from the Chinese embassy confirmed that both parties have finalized the implementation details of a prior agreement between Presidents Trump and Xi Jinping. Investors are now turning their attention to China’s upcoming industrial profits data, set to be released this weekend, for deeper insight into how domestic companies are weathering the ongoing strain of tariff pressures.
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