China Eyes Yuan Boost as US-China Yield Gap Widens
The US ten-year yield stood at 5.22 percent Thursday versus China's 1.69 percent, prompting a Beijing think tank researcher to suggest exploiting the gap to elevate the yuan's international standing.
On air: Kenji Moonfield, Brock Thunderson and Dale Bearman on The Pile-OnPublished
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- SCMPCan China use its widening US yield gap to boost the yuan’s global role?
“Only the SCMP has this so far. Panel verdict: the yuan is Gary's cousin, and none of us can explain a yield.”
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