China’s 10-year government bond yield edged higher to around 1.73% on Friday, marking its sixth consecutive session of gains, as investors cautiously anticipate the outcome of next week’s pivotal US-China trade negotiations. While US Treasury Secretary Scott Bessent confirmed the upcoming talks in Sweden, he also emphasized that the issue of TikTok could be on the agenda. He stated that unless Beijing agrees to a divestment arrangement involving ByteDance, the popular app could soon face a complete ban from operating in the US. Meanwhile, President Donald Trump suggested he may visit China “in the not too distant future”—a gesture that could signal a broader effort to stabilize the strained relationship between the world’s two largest economies. Investor attention is also focused on China’s industrial profits data due this weekend, which is expected to shed light on how firms are managing tariff and trade pressures.
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