10-year Chinese sovereign bond yield drops 23 bps, while US Treasury yields rise 78 bps.

China's sovereign bonds continue to outperform global debt, with the benchmark 10-year yield dropping 23 bps this year while US Treasury yields rise 78 bps. China's differing economic cycle, with the central bank easing policy to support growth, contrasts with global policymakers trying to suppress inflation. This low correlation with global peers makes Chinese bonds attractive to investors.