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China-U.S. yield spread widens to 4-month high – Metro US

China-U.S. yield spread widens to 4-month high

FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen
FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration

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)