人民币/韩元 (CNYKRW) 加自选

周五，中国10年期政府债券收益率降至1.70%左右，因为投资者在美国总统唐纳德·特朗普宣布新关税后越来越担忧的情况下转向更安全的资产。特朗普公布了10%的全球基准关税，并对缺乏贸易协议的国家征收高达41%的报复性关税。此外，他宣布对涉嫌通过第三国改道的商品征收40%的关税，以避免现有的征税。与此同时，美国和中国本周结束了第三轮贸易谈判。财政部长Scott Bessent表示，谈判“有可能达成贸易协议”，两国都面临着8月12日的最后期限，以延长目前暂停的关税。在中国，私人和官方数据均显示7月份制造业活动收缩，官方数据显示为六个月来最大跌幅。这些数据表明，随着第三季度开始，需求减弱，经济势头放缓。

China’s 10-year government bond yield fell to around 1.70% on Friday, as investors moved towards safer assets amid growing concerns following US President Donald Trump’s announcement of new tariffs. Trump unveiled a 10% baseline global tariff and imposed retaliatory duties reaching up to 41% on countries lacking trade deals. Additionally, he announced a 40% tariff targeting goods suspected of being rerouted through third countries to avoid existing levies. Meanwhile, the US and China wrapped up a third round of trade negotiations this week. Treasury Secretary Scott Bessent stated that the talks have “the makings of a trade deal,” with both countries facing an August 12 deadline to extend the current pause on tariffs. In China, both private and official data revealed a contraction in manufacturing activity for July, with official figures showing the sharpest decline in six months. These data suggest weakening demand and a slowdown in economic momentum as the third quarter begins.