US Pushes G20 to Target Trade Imbalances
The US administration urges G20 nations to address global trade and fiscal imbalances by pressing China over exports. Meanwhile, rising bond yields revive debt and inflation worries.
Insights:
The United States pressed G20 officials on Tuesday to tackle global trade imbalances and curb Chinese export surges. The push comes as a deepening bond market sell-off drives Japanese 10-year yields to 3%.
