US Bonds Post Worst 10-Year Return in 223 Years; Bitcoin Tested by Rising Yields
US government bonds suffered their worst 10-year returns in over two centuries, losing roughly 2% a year. Bitcoin faces pressure as yields rise.
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Asia economic calendar: China PMI data on Sept 1
China's private manufacturing PMI is due today, following official PMI data from the previous day.
31/08/2026 20:212 min read
On the preceding day, official purchasing managers' indexes from China were published:
- Chinese factory activity outperformed forecasts but remained in contraction in August
- China's official manufacturing PMI for August came in at 49.8, versus an expected 49.7 and a prior reading of 49.2
Scheduled for today is the private-sector manufacturing PMI survey conducted by Rating Dog and S&P Global.
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