Group 1 - The article discusses the challenges faced by the US dollar and US Treasury bonds, highlighting a significant rise in the 10-year Treasury yield to 4.46%, marking the largest three-day volatility since 1981 [3] - The US Treasury's bond buyback reached a historic high of $138 billion, nearly double the previous year's total, indicating efforts to stabilize the market amid rising debt, which now exceeds $36 trillion [3][5] - There is a noticeable decline in demand for US Treasury bonds, with major domestic investors purchasing only 6.2% of a recent three-year bond auction, down from a typical 19%, reflecting growing skepticism towards US dollar assets [5] Group 2 - In contrast, the Chinese yuan is gaining traction, with the exchange rate against the US dollar reaching 7.1163, the highest since November of the previous year, supported by China's robust groundwork in international payments [7][16] - The People's Bank of China reported that the Cross-Border Interbank Payment System (CIPS) now covers 189 countries, processing 4.0295 million transactions worth 90.19 trillion yuan in the first half of the year, equating to approximately 2.5 million yuan per second in global transactions [7][11] - China's energy imports from the US have plummeted to nearly zero, while imports from Russia have increased by 16.8%, with many transactions being settled in yuan, showcasing the yuan's growing international acceptance [9][12] Group 3 - The article emphasizes that the value of a currency is underpinned by its strength and credibility, contrasting the US's $36 trillion debt and geopolitical tensions with China's focus on trade and infrastructure development [12][14] - The trend indicates a shift in global currency dynamics, with more countries recognizing the benefits of using the yuan for transactions, as it is perceived as safer and more convenient compared to the dollar [14]
中国大胜？美债35年最大危机,人民币大涨4000点,CIPS结算再创新高
Sou Hu Cai Jing·2025-09-17 14:24