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2019年08月19日 19:45

US yield curve inversion could herald crisis, recession

As a bellwether of asset price fluctuation, the spread of short- and long-term Treasury bonds has attracted much attention from capital markets. On Wednesday, the yield of two-year Treasury bonds and the yield of 10-year Treasury bonds inverted for the first time in more than a decade. That means the yield on the 10-year Treasury bill broke below the two-year rate.

Two-year and 10-year Treasury...

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2019年08月06日 08:44

Yuan exchange rate remains flexible to offset shocks

On Monday, the offshore yuan (US dollar-yuan spot exchange rate) dropped below 7. Soon afterwards, the onshore yuan (US dollar-yuan spot exchange rate) fell below 7. Subsequently, the central bank lowered the intermediate price of the yuan against the US dollar by 229 points, thereupon the yuan to US Dollar intermediate price was quoted at 6.9225.

One reason for the latest devaluation of the yu...

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