China’s 10-year government bond yield fell to around 1.58%, an all-time low, as investors sought safer assets during a sharp equity-market selloff. Technology stocks led the decline amid concerns about potential regulatory headwinds for the artificial-intelligence and data-center industries. The People’s Bank of China has accelerated interest-rate reform, placing greater emphasis on an overnight policy rate from early November and setting it at 1.25%, below the previous seven-day benchmark of 1.4%. The 30-year government bond yield also declined by about 1 basis point to 2.03%. The move follows an earlier report of a record-high in 10-year Treasury futures and a yield near 1.62% on November 5, representing a revised reading of the historic low. Analysts expect yields to face further downward pressure from lower funding costs and persistently weak domestic demand. Market participants will also monitor Federal Reserve decisions, U.S. economic data, global conditions and policy changes for their impact on sovereign yields and bond futures, including expectations for Chinese and U.S. government debt.