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American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

China and U.S. bond markets move in opposite directions

A2D News Desk

China’s 10-year government bond yield was forecast to fall as low as 1.65%, as analysts cited strong momentum in the country’s bond market. China faced pressure to cut interest rates to counter deflation.

U.S. Treasury yields rose after Kevin Warsh took a hawkish tone at the Jackson Hole symposium, emphasizing price stability over employment. The divergence between the two markets could reshape global capital flows as investors seek alternatives to U.S. assets.

Read the full story at amp.scmp.com.

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