US-China borrowing costs diverge to widest level ever
Rising Treasury yields threaten to accelerate shift in capital flows between world’s two largest economies
Source: Financial Times
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DW NOTE
The US is borrowing at 4.78% while China services debt near zero — and capital is moving accordingly. When your fiscal position requires rolling $7.6 trillion annually and running a $1.9 trillion deficit, rate differentials aren't academic. They're the difference between sustainable debt and a forced adjustment that arrives on someone else's timetable.