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China's Widest-Ever Yield Discount to US Pressures Sluggish Yuan [Yahoo! Finance Canada]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Most Read from Bloomberg The combination of a relentless rally in China's government bonds and a selloff in US notes has resulted in an unprecedented 300-basis-point gap between the two countries' sovereign yields. That's set to add even more pressure on the yuan by increasing the risk of capital outflows, just as the currency slid toward a record low in offshore trading this week. The development is yet another sign that policymakers may be forced to allow the yuan to weaken, if they wish to support the fragile economy by loosening monetary policy. Illustrating the dilemma, the People's Bank of China retained its support of the currency market this week right after letting the yuan slide past a key level on Friday. On top of the yield gap, the yuan is also suffering from a bleak economic outlook amid a prolonged property crisis, weak consumption and concerns over deflation. President-elect Donald Trump's tariff threats and decreasing bets for US interest-rate cuts are also pre Show less Read more
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