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Stock impact report

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

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Yahoo! Finance
Most Read from Bloomberg NYC's Subway Violence Deters Drive to Bring Workers Back to Office Don't Shrink the Bus Can American Drivers Learn to Love Roundabouts? Is This Weird Dome the Future of Watching Sports? NYC Congestion Pricing Takes Effect After Years of Delays 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 th Show less Read more
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