Data from 金牛理财.
First the 金牛 WMP Yield Index.
The yield on state-owned/large bank products (yellow), versus small/medium banks (orange) and the spread (blue).
The yield on guaranteed products (yellow) versus non-guaranteed (orange) and the spread (blue).
The yield on short maturity products (yellow) versus medium/long maturity (orange) and the spread (blue).
The time scale on the short-maturity chart has been shortened, the longer chart can be seen in the prior weekly update.
Is stagflation temporary?
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I have been gazumped by two red-hot inflation reports in two days, even as
growth slows sharply in Australia and the US. First, in Australia,
quarterly d...
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