Bonds And Soft Chinese Data

By |2017-10-31T12:40:37-04:00October 31st, 2017|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Back in June, China’s federal bond yield curve inverted. Ahead of mid-year bank checks, short-term govvies sold off as longer bonds continued to be bought. It was for some a rotation, for others a reflection of money rates threatening to spiral out of control. On June 19, for example, the 6-month federal security yielded 3.87% compared to a yield of [...]