DigiNepal
Can China use widening yield gap between the US dollar and yuan to boost global role?
Can China use widening yield gap between the US dollar and yuan to boost global role?
China should seize a window opened by the widening US-China yield gap to strengthen the financing, hedging and asset-absorption systems behind the yuan, turning its cyclical low-interest-rate advantage into lasting global use of the currency, according to a researcher from a Beijing-based governmental think tank. The 10-year US Treasury yield was 5.22 per cent on Thursday, compared with 1.69 per…