Analysts Urge China to Leverage Widening US-China Yield Gap to Expand Yuan's Global Use

A researcher from a Beijing-based governmental think tank says China should seize the window opened by the widening US-China yield gap to strengthen financing, hedging and asset-absorption systems behind the yuan. The 10-year US Treasury yield was 5.22% on Thursday, compared with 1.69% for Chinese government bonds on their first trading day after the National Day holiday. The goal is to turn China's cyclical low-interest-rate advantage into lasting global use of the currency.