According to Jin10, China’s M2 money supply reached 353.04 trillion yuan as of end-April 2026, growing 8.6% year-over-year. China’s social financing aggregate increased by 15.45 trillion yuan in the first four months of 2026, down 893 billion yuan compared with the same period last year.
Meanwhile, U.S. Treasury yields hit multi-month highs on May 15, while Japan’s 10-year government bond yield reached its highest level in approximately 29 years, reflecting rising global bond market pressures.
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