由于缺乏新的市场催化剂，中国10年期政府债券收益率跌至2.04%左右，创下历史新低。最近的数据显示，中国8月份的工业产出、零售额和固定资产投资低于预期。此外，城市失业率升至六个月来的最高点，房价以九年来最快的速度下跌。与此同时，中国央行周三通过七天反向回购注入5682亿元人民币（801.1亿美元），以抵消到期的MLF贷款和反向回购，从而确保银行体系有充足的流动性。该行还确认了9月25日展期中期贷款工具（MLF）贷款的计划，这标志着其旨在让短期利率在引导市场方面发挥更大作用的货币政策改革再次推迟。交易员们现在关注的是中国央行本周五即将就关键贷款利率做出的决定，特别是1年期贷款最优惠利率和5年期利率。
China's 10-year government bond yield fell to around 2.04%, hitting a fresh historic low, amid a lack of new market-moving catalysts. Recent data revealed that industrial output, retail sales, and fixed asset investments in China missed forecasts for August. Moreover, the urban unemployment rate rose to a six-month high, and home prices fell at the fastest pace in nine years. Meanwhile, China's central bank injected CN¥568.2 billion ($80.11 billion) through seven-day reverse repos on Wednesday to offset maturing MLF loans and reverse repos, thereby ensuring ample liquidity in the banking system. The bank also confirmed plans to roll over medium-term lending facility (MLF) loans on September 25, marking another delay in its monetary policy overhaul aimed at giving short-term rates a greater role in guiding the market. Traders are now focused on the PBoC's upcoming decisions on key lending rates this Friday, particularly the 1-year loan prime rate and the 5-year rate.
