China ‘Rescues’ Bond Market In Symbolic Move But Yield Curve Remains Inverted

For the 10th day in a row, China’s bond yield curve remains inverted (the longest in history).

With yields at 3-year highs, corporate bond issuance is evaporating, and has now emerged as the latest major, and most imminent, threat facing China’s financial sector and $10 trillion corporate debt market.
However, it appears Chinese authorities have reached their max pain point.

This post was published at Zero Hedge on Jun 20, 2017.