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.

Executives say dollar dominance remains intact as borrowers diversify funding and use offshore yuan bonds to help manage elevated US financing costs.

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…