China‘s government bond yields broadly dropped on Saturday, after U.S. President Donald Trump revived the trade war against Beijing.
The 30-year government bond yield fell nearly 4 basis points to 2.097% in early trade, while the 10-year yield was down nearly 3%.
Trump on Friday unveiled additional levies of 100% on China’s U.S.-bound exports, along with new export controls on “any and all critical software” by November 1, nine days before existing tariff relief is set to expire.
China’s bond market remains open on Saturday as the trading calendar was adjusted to compensate for the National Day holiday earlier this month.
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