FTAV’s further reading
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Music; machines; more machines; rap beef; Europe; tax; panhandle fauna;
after Ozempic; smart plants; and one (1) weather-appropriate banger
2022-05-18
Chinese Yields Slide Again
There is some optimism around China reopening, but I'm not buying it yet. The Chinese 10-year yield went negative again relative to the U.S. 10-year. This puts pressure on the yuan because it diverts idle dollars away from China (such as exporter earnings), and longer-term the Chinese and emerging markets funds are correlated with the direction of this rate spread.
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