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Following positive trade talks between the United States and China, the US 10-year Treasury yield climbed to a one-month high. Concurrently, China's 10-year bond yield rose by 2 basis points to 1.64%. The US dollar strengthened against the Japanese yen, reaching its highest level since April 10, with the USD/JPY exchange rate rising to 146.20 yen. This currency movement reflects optimism surrounding the US-China trade discussions. Meanwhile, despite the rise in the US 10-year yield, Federal Reserve fund futures indicated a further reduction in anticipated rate cuts amid the improving trade outlook.
