Yield gap between China and US widens to highest since 2007 after surprise rate cut

A staff member wearing a face mask walks past United States and Chinese flags set up before a meeting between Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing, China, Saturday, July 8, 2023. Mark Schiefelbein/Pool via REUTERS/File Photo Acquire Licensing Rights SHANGHAI/SINGAPORE, Aug 16 (Reuters) – Yield differentials between China and the United States widened to their highest 16 years on Wednesday, as investors speculated that China’s central bank would ease monetary policy further after a surprise rate cut, even if it puts the yuan under pressure.

The People’s Bank of […]

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