captjack 🏴‍☠️✨💜 on Nostr: 🇨🇳 just sold yuan-denominated sovereign debt in Hong Kong at record-low yields: ...

🇨🇳 just sold yuan-denominated sovereign debt in Hong Kong at record-low yields:

• 15-year: 1.99%
• 30-year: 2.24%
• 2-year: 1.27%
• 5-year: 1.43%

- Instead of USTs, foreigners are choosing the yuan
- Foreign yuan bond issuance 3x’d in March YoY

The choice is quite simple

- US 10y yield: 4.46%
- CN 10y yield: 1.82%

Demand was extremely strong, with an overall bid-to-cover ratio of 4.67x, which is the highest since June 2025.


Additionally also 🇨🇳HKMA/PBOC also selling offshore USD denominated sovereign bonds at lower rate that us🇺🇸 treasury

China is now issuing USD-denominated bonds at the same yield as the United States ....

a direct challenge for international capital.
meanwhile USTs


SOVEREIGN CREDIBILITY CRISIS👁