Post #8549

📌 Why China’s Bond Market Can’t Power Crypto Yield China’s bond market is massive, but it doesn’t work like a true global market. Yields sit below 2 percent while the US pays closer to 4, and that split comes down to strict capital controls. Money can’t flow in or out freely, so the market clears on policy, not global pricing. ➡️ Ten year Chinese yields slid from 4.5 percent to under 2 ➡️ Capital controls block foreign inflows and trap domestic outflows ➡️ CNY bonds can’t reach crypto rails, so nothing onchain can anchor to them ➡️ Stablecoins and RWAs stay dollar linked for this exact reason ➡️ Issuers keep buying short dated US paper because it’s the only scalable yield source China’s market lives behind glass. Until the capital account opens, onchain yield will keep circling the US and Europe. Dollar RWAs, stablecoins, collateral markets, tokenized treasuries, they all follow liquidity that can actually move. ✅Subscribe to@cryp