Memuat…
The U.S. 10-year Treasury yield rose to three-year highs and moved above the Chinese 10-year yield for the first time since 2010. The move reflected diverging monetary policy, with the Fed tightening while the PBOC eases.
A narrowing yield gap can drive capital outflows from China and pressure the yuan, while higher US yields support the dollar. Both shift currency-driven import costs for Chinese feed buyers.
cnbc.comEvelyn Cheng21 Apr 2022Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% selama 20 sesi.
Setelah 398 peristiwa makro bullish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median +0,0% selama 5 sesi (56% lebih tinggi; separuh tengah -0,3% sampai +0,5%), dan +0,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
U.S. 10-year yield rising above China's for the first time since 2010 signaled policy divergence and capital outflow pressure on the yuan.
US-China yield inversion (US 10-year above China's) reduced the yuan's carry appeal and underpinned the depreciation pressure going into the move.
