prc30 on Nostr: China Afternoon Missive It’s been a brutal two days and start to the year here in ...
China Afternoon Missive
It’s been a brutal two days and start to the year here in #China.
Stocks have been absolutely battered and a policy that has continued to starve the system of fiscal liquidity is having the expected results. Bond yields continue to fall further.
Very, very reminiscent of what went down the same time in 2024.
There’s been commentary from certain public groups that policy makers may expand the size of this year’s “ultra-long term” bond issuance. It’s just talk though. It is also now clear that public statements attempting to support markets have lost virtually all their desired effects.
China stocks extend declines with bond yields hitting record lows https://www.cnbc.com/2025/01/03/asia-markets-live-updates.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
It’s been a brutal two days and start to the year here in #China.
Stocks have been absolutely battered and a policy that has continued to starve the system of fiscal liquidity is having the expected results. Bond yields continue to fall further.
Very, very reminiscent of what went down the same time in 2024.
There’s been commentary from certain public groups that policy makers may expand the size of this year’s “ultra-long term” bond issuance. It’s just talk though. It is also now clear that public statements attempting to support markets have lost virtually all their desired effects.
China stocks extend declines with bond yields hitting record lows https://www.cnbc.com/2025/01/03/asia-markets-live-updates.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard