China Is Binging On Dollar-Denominated Debt
Wochit Headline News - Friday, 13 October 2017 (1 week ago)
Today China announced that it would sell $2 billion in government bonds denominated in US dollars. The offering will be China’s largest dollar-bond sale ever. 2004 was the last time China sold dollar-bonds. Investors around the globe are eager to hand China their US dollars, in exchange for a somewhat higher yield. The 10-year US Treasury yield is currently 2.34%. The 10-year yield on similar Chinese sovereign debt is 3.67%.
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