新台币/人民币 (TWDCNY) 加自选

周二，中国10年期政府债券收益率保持近期涨幅在1.65%左右，这得益于制造业活动意外反弹后市场情绪的改善。财新网最新调查显示，中国6月工厂活动意外恢复增长，从48.3升至50.4，超过了49的预期，这得益于北京在美国关税上调的情况下稳定增长的努力。该数据与周一发布的官方采购经理人指数形成鲜明对比，该指数表明连续第三个月出现收缩，但略有改善，突显出出口驱动型企业在贸易逆风下的韧性。为了增加支持，北京周五宣布与华盛顿达成一项新的贸易协议，根据该协议，中国将审查出口申请，而美国将放宽对中国实体的某些限制。展望未来，市场关注即将到来的关键政治会议，特别是即将召开的7月政治局会议，让市场关注潜在的刺激信号。

China’s 10-year government bond yield held its recent gains to around 1.65% on Tuesday, supported by improved sentiment after a surprise rebound in manufacturing activity. The latest Caixin survey showed that China’s factory activity unexpectedly returned to growth in June, rising to 50.4 from 48.3, and beating forecasts of 49, supported by Beijing’s efforts to stabilize growth amid higher US tariffs. The reading contrasted with the official PMI released Monday, which signaled a third straight month of contraction, though with modest improvement, highlighting resilience among export-driven firms despite trade headwinds. Adding support, Beijing announced a new trade deal with Washington on Friday, under which China will review export applications, while the US will ease certain restrictions on Chinese entities. Looking ahead, markets are focused on upcoming key political meetings, particularly the upcoming July Politburo meeting, keeping markets attentive for potential stimulus signals.