China's treasury bonds see sell-off as PBOC comments, Sino-US trade talks dampen hopes for more easing

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China's treasury bonds see a sell-off on Tuesday after Chinese central bank's comments about adopting "normal" monetary policy and the positive progress in Sino-US trade talks dampened expectations for further monetary easing in the world's second largest economy.

China's treasury bonds declined across the board. The 10-year treasury futures for January delivery tumbled 0.44 per cent to 97.935, the lowest level since January 9.

The 5-year treasury futures fell 0.27 per cent to 99.795, a new low since January 3 and the 2 . . .

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