It wasn't just Chinese stocks that got hammered: the yield on China’s 10-year sovereign bonds soared above 3.41%, closing at the highest level since November, and continuing a three-week surge, following comments that China needed to keep a proper balance between tightening and loosening.If they had a more liquid market that yield would come down. But 3.41% is a huge load of interest charges needed to keep the SOEs funded.
Monday, April 22, 2019
China pays nice ten year rate
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