FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
July 7, 2021
SHANGHAI (Reuters) – The yield spread between Chinese and U.S. sovereign bonds was quoted at its widest since March 3 on Wednesday, as U.S. yields fell following soft service sector data.
The spread between the Chinese and U.S. sovereign 10-year yield was last quoted at 176 basis points, according to Refinitiv data.
(Reporting by Andrew Galbraith; Editing by Jacqueline Wong)