US-China bond yield gap widens to record
The gap between U.S. and Chinese 10-year government bond yields has widened to a record 317 basis points, reflecting sharply different economic and monetary policy conditions in the world’s two largest economies.
The benchmark U.S. 10-year Treasury yield climbed to around 4.85 percent, while its Chinese counterpart remained near 1.68 percent.
The gap is the widest in Bloomberg data going back to 2002.
U.S. yields have risen as higher oil prices, resilient economic activity and heavy government borrowing renewed concerns over inflation and the outlook for interest rates.
