China’s 10-year government bond yield inched lower around 1.76% on Monday, hovering near six-week lows, as markets weighed a slew of fresh Chinese economic data. The economy slowed for a second consecutive quarter, growing at its weakest pace in a year as softer consumer spending and investment partially offset strong exports. Retail sales growth also moderated, and fixed-asset investment posted its first contraction since 2020, highlighting persistent weakness in the property sector. Industrial production, however, outperformed expectations, signaling resilience in manufacturing. On the monetary policy front, the People’s Bank of China held its benchmark lending rates steady for a fifth consecutive month, maintaining the one-year and five-year loan prime rates as widely expected. Meanwhile, markets welcomed signs of easing Sino-US trade tensions after US President Trump called his proposed tariffs on Chinese goods "not sustainable," as officials prepare for upcoming bilateral talks.