Record China-US bond yield gap seen as macro-driven, not capital flight risk

The 10-year US Treasury vs Chinese sovereign bond yield spread hit a record 3.17 percentage points, driven by US fiscal pressures and global macro trends, per Marsh Investment. Executives argue this does not signal structural retreat from Chinese assets, but the widening gap could still pressure capital flows. The claim is an expert assessment, not yet corroborated by flow data.