China’s 10-year bond yield hits one-month lows

China's 10-year bond yield fell to lowest since April 11.
The flight to safety seems to have a pushed the yield lower.

Omkar Godbole FXStreet Contributor

The escalating US-China trade tensions and the resulting risk aversion seems to have boosted haven demand for government bonds.

China’s 10-year yield fell to 3.24% earlier today — the lowest level since April 11 – and was last seen at 3.28%, down three basis points on the day.

The futures on the S&P 500 fell more than 1% in Asia on trade standoff. On Saturday, President Trump warned China not to impose retaliatory tariffs, having hiked the tariff rate from 10% to 25% on $200 billion worth of Chinese goods on Friday.

Meanwhile, China warned Trump on Sunday not to underestimate China’s endurance to fight a prolonged trade war. Further, China posted its own set off demands for talks including the removal of additional tariffs imposed on Friday.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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