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China's 10-year bond yield falls to 1.692% on Monday, near one-year low, diverging from US Treasuries as Fed Chair Warsh strikes hawkish tone
The yield on China's 10-year government bond traded at 1.692% on Monday, approaching its lowest in a year after July economic figures trailed analysts' estimates. This divergence from the US bond market is expected to widen further, as Federal Reserve Chairman Kevin Warsh's hawkish tone at Jackson Hole and concerns about fiscal sustainability add headwinds for US Treasuries.
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