China
China-U.S. Bond Yield Gap Nears Record as Global Debt Rout Sends Shockwaves Through Markets
BEIJING/WASHINGTON — A dramatic divergence between Chinese and U.S. government bond markets is putting a fresh spotlight on global capital flows, monetary policy and the growing cost of government borrowing. The yield spread between 10-year U.S. Treasuries and Chinese government bonds widened to about 312 basis points this week, approaching the roughly 315-basis-point record reached early last year, according to Bloomberg data cited by multiple financial reports. The move comes as bond markets
