China’s 10-year government bond yield fell to around 1.75% on Thursday, marking a fresh low for over two months as investors awaited key developments from the meeting between Presidents Donald Trump and Xi Jinping. The first meeting between the two leaders since Trump’s return in January is expected to finalize a framework agreement negotiated in Malaysia, which includes rollbacks of select tariffs, fees, and export restrictions, signaling a potential easing of trade tensions between Washington and Beijing. In China, PBOC Governor Pan Gongsheng stated that the resumption of the central bank’s government bond trading operations reflects its intention to serve as a net buyer. He noted that the build-up of market risks that led the PBOC to suspend trading in January has now subsided. Meanwhile, investors are closely monitoring upcoming PMI releases, with official figures expected later this week and private survey data scheduled for next week.