周三，中国10年期政府债券收益率跌至1.76%左右，投资者消化了中国人民银行的最新货币政策决定以及美中贸易休战的发展。在8月份的会议上，央行连续第三个月将关键贷款利率维持在历史低位，符合市场预期。一年期贷款最优惠利率（LPR）保持不变，为3.0%，而五年期LPR保持稳定，为3.5%。这一决定是在最近的经济数据表明国内活动可能放缓的情况下做出的，这增强了人们对货币政策将保持宽松的预期。与此同时，美国财政部长Scott Bessent周二表示，华盛顿与北京就关税问题进行了“非常好的谈判”，因为两国都在努力在目前暂停新关税措施的90天内达成可能的协议。

China’s 10-year government bond yield fell to around 1.76% on Wednesday, as investors digested the People’s Bank of China’s latest monetary policy decision alongside developments in the ongoing US-China trade truce. At its August meeting, the central bank held its key lending rates at historically low levels for the third consecutive month, in line with market expectations. The one-year Loan Prime Rate (LPR) was left unchanged at 3.0%, while the five-year LPR remained steady at 3.5%. The decision came amid recent economic data suggesting a potential slowdown in domestic activity, reinforcing expectations that monetary policy will remain accommodative. Meanwhile, US Treasury Secretary Scott Bessent stated on Tuesday that Washington has held “very good talks” with Beijing regarding tariffs, as both countries work toward a possible agreement during the current 90-day suspension of new tariff measures.