China bond yields fall as global rates move in the opposite direction

Chinese bond yields are moving lower while yields across many major economies reach multi-year highs, highlighting a widening divergence in global monetary conditions.
China continues to face weaker factory activity, softer spending and disinflationary pressure, giving Beijing more room to support growth through easier financial conditions.
Other major economies are confronting the opposite problem as higher energy prices and inflation risks keep upward pressure on rates.
The spread between U.S. and Chinese borrowing costs has widened beyond 230 basis points, reinforcing a growing global policy split between Chinese easing and tighter conditions elsewhere.