The Chinese yuan could continue facing downward pressure, influenced by ongoing trade tensions and President Trump's tariff strategies. The central bank plans to issue 60 billion yuan in Hong Kong to help stabilize the currency, but bearish sentiment remains amidst anticipated capital outflows and widening interest rate spreads. Additionally, U.S. tariff increases on aluminum add to market volatility, further complicating economic relations between the two nations. Meanwhile, the yield on 10-year government bonds is expected to stay contained as accommodating monetary policy is likely to persist to support the economy.
The Chinese yuan faces bearish prospects as the central bank issues 60 billion yuan in bills, aiming to stabilize the currency amid ongoing U.S.-China trade tensions.
China's bond yield is expected to remain low, capped between 1.60% and 1.63%, as the central bank maintains accommodative policies to support economic stability.
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