The yield gap between Chinese and US 10-year sovereign bonds widened to its largest level on record following a surge in Treasury yields. The benchmark 10-year US Treasury yield climbed to 4.85%, the highest since 2023, while Chinese yields held steady at 1.68%. That widened the yield gap to 317 basis points — the widest on record, according to Bloomberg data dating back to 2002.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing