# Yuan Traders Fret Over Widest China-US Yield Gap Since 2002 - Bloomberg

> The bond yield gap between China and the US has widened to its largest since 2002, with China's 10-year yield about 220 basis points below US Treasuries. Gains in the yuan after better-than-expected growth and retail sales data quickly faded.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/33859-yuan-traders-fret-over-widest-china-us-yield-gap-since-2002-bloomberg
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A wide yield gap encourages capital outflows and keeps pressure on the yuan, raising the dollar cost of Chinese imports. Weak currency conditions can also weigh on Chinese buying of feed commodities.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-11-07 | [CNY/USD: China Sets Yuan Fix at Weakest Since 2023 - Bloomberg](https://feedsoft.ai/events/6857-cny-usd-china-sets-yuan-fix-at-weakest-since-2023-bloomberg.md) | +0.7% | +1.3% |
| USDCNY | 2022-10-24 | [CNY/USD: China Yuan Weakens Past 7.3 Per Dollar, All-Time Low Since 2010 - Bloomberg](https://feedsoft.ai/events/6932-cny-usd-china-yuan-weakens-past-7-3-per-dollar-all-time-low-since-2010-bloomberg.md) | +0.1% | -1.0% |
| USDCNY | 2018-10-29 | [China's yuan finishes onshore trading at weakest since 2008 By Reuters](https://feedsoft.ai/events/62763-china-s-yuan-finishes-onshore-trading-at-weakest-since-2008-by-reuters.md) | -0.8% | +0.1% |
| USDCNY | 2024-07-01 | [China Loosens Grip on Yuan With Weakest Fixing Since November](https://feedsoft.ai/events/30008-china-loosens-grip-on-yuan-with-weakest-fixing-since-november.md) | +0.0% | -0.1% |
| USDCNY | 2025-01-14 | [China Will ‘Try Very Hard’ to Slow Yuan’s Fall, UBS’ Wang Says - Bloomberg](https://feedsoft.ai/events/12208-china-will-try-very-hard-to-slow-yuan-s-fall-ubs-wang-says-bloomberg.md) | -0.8% | -0.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-10-19/yuan-traders-fret-over-widest-china-us-yield-gap-since-2002

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.