China’s 10-year government bond yield rose toward 1.84% on Monday, extending gains from the previous session, as investors assessed the People’s Bank of China’s decision to keep lending rates unchanged. The central bank left its one-year Loan Prime Rate at 3.00% and the five-year LPR at 3.50%, holding both at record lows for a seventh straight month, signaling that authorities are not in a hurry to ease monetary policy further. Analysts noted that the PBoC’s use of “cross-cyclical” measures and thin bank profit margins gives policymakers flexibility to postpone new stimulus until next year. The move comes as November data showed slowing factory output and retail sales, weaker household borrowing, and ongoing strains in the property sector. At this month’s Central Economic Work Conference, officials pledged proactive fiscal support in 2026 to boost consumption and investment, aiming for growth of roughly 5%.