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Government bond yields in China just plunged to more record lows as market agents are growing even more pessimistic. The unquenchable demand for safe and liquid assets has the PBOC getting ready to sell bonds into a marketplace that is increasingly concerned about a lot more than Chinese issues. More strong evidence for globally synchronized. Eurodollar University's Money & Macro Analysis Bloomberg Economists Raise China Growth Forecasts as Exports Improve https://www.bloomberg.com/news/articles/2024-06-25/economists-raise-china-growth-forecasts-as-exports-improve Bloomberg El-Erian Says Slowing Economy Raises Fed Policy-Error Risk https://www.bloomberg.com/news/articles/2024-06-28/el-erian-says-slowing-economy-raises-fed-policy-error-risk Bloomberg A $100 Billion Bet on China’s Economy Sours as Warehouses Empty https://www.bloomberg.com/news/articles/2024-07-01/china-s-third-plenum-and-what-it-means-for-tax-reform-and-supply-chains?srnd=economics-v2 https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |