So as we work down our debts, the hope of the government has been that the Chinese could be persuaded to invest some of their vast surpluses in our infrastructure, in a way that would ease the pain of our economic slowdownand would yield a decent return to China over the long term.
The yield on the note has fallen over the last month as demand for less risky assets increased following the crisis in Cyprus and signs of a slowdown in the U.S. The yield was as high as 2.06 percent on March 11.