China’s Premier Li Keqiang crossed the wires in the last minutes, noting that the downward pressure on China’s economy is increasing. “We will keep economic operations within a reasonable range,” Li told the state media. “We will make good use of counter-cyclical adjustments, will stabilise employment, prices and will expand effective investment,” as reported by Reuters.
These comments don’t seem to be having a significant impact on market sentiment. As of writing, the 10-year United States (US) Treasury bond yield was down 0.25% on the day at 1.732%.
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