TRUMP: WE DISCUSSED FENTANYL WITH CHINA

日本10年期國債收益率日內上升10個基點，至2.730%。

China’s April credit data shows a mild slowdown, with new yuan loans easing from March while aggregate financing growth rose 7.8% year-on-year. Private-sector borrowing demand remains weak, leading ANZ to expect a gradual slowdown in aggregate financing toward end-2026. However, ANZ’s Zhaopeng Xing says recent improvements in growth and inflation make interest-rate or RRR cuts unlikely this year. At the same time, he adds the PBOC is also unlikely to tighten liquidity aggressively in order to maintain credit stability.