# Yuan inches up as US yield advantage narrows slightly - Markets - Business Recorder

> The yuan inched up as the US-China 10-year yield gap narrowed to -3 basis points from about -15 bps, with US bond prices rising on global recession worries. The PBOC set the midpoint at 6.7071, weaker than the prior fix, and the central bank made its smallest cash injection in 1.5 years.

- Date: 2022-07-04 · published 2022-07-04T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/40707-yuan-inches-up-as-us-yield-advantage-narrows-slightly-markets-business-recorder
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Narrowing yield gaps and recession-driven bond buying shape currency flows, but the small yuan move has little direct bearing on feed commodity prices.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-07-15 | [China's yuan inches higher, GDP data caps gains - Markets - Business Recorder](https://feedsoft.ai/events/46289-china-s-yuan-inches-higher-gdp-data-caps-gains-markets-business-recorder.md) | -0.0% | +0.1% |
| USDCNY | 2024-10-10 | [China’s yuan inches higher as PBOC support offsets dollar strength - Markets - Business Recorder](https://feedsoft.ai/events/11040-china-s-yuan-inches-higher-as-pboc-support-offsets-dollar-strength-markets.md) | +0.6% | +0.8% |
| USDCNY | 2026-05-25 | [China's yuan advances to 3-year high as investors weigh prospects of US-Iran deal - Markets - Business Recorder](https://feedsoft.ai/events/19484-china-s-yuan-advances-to-3-year-high-as-investors-weigh-prospects-of-us-iran.md) | -0.4% | -0.1% |
| USDCNY | 2023-07-31 | [China’s yuan inches higher after better-than-expected PMI data - Markets - Business Recorder](https://feedsoft.ai/events/35259-china-s-yuan-inches-higher-after-better-than-expected-pmi-data-markets-business.md) | +0.3% | +2.0% |
| USDCNY | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -0.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40184196

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