Market participants expect tax payments, the issuance of local government bonds and the maturing of medium-term lending facility (MLF) loans to drain more than 1 trillion yuan ($148.77 billion) in liquidity this month. Liquidity is getting tight, Interbank Spreads rising in HK as well, interesting to see developments in India and China at the moment
https://www.investing.com/rates-bonds/china-10-year-bond-yield
https://www.investing.com/rates-bonds/china-10-year-bond-yield