Analysts said The mixed market performance was the result of some underlying Chinese data falling below expectations, despite the strong headline results.
"The thesis the market has that China is exiting the pandemic and growth will be driven by consumption is still in tact. While the recovery is on track, I don't think economic growth from what we have seen so far is exceeding expectations too much." For 2023, GDP growth was expected to pick up to 5.4%, a Reuters poll last week showed, from 3.0% last year, which was one of its worst performances in nearly half a century due to the pandemic.
The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.1773% compared with a U.S. close of 4.188%.
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