This Just Made China a Threat To The Global Economy

0 Views· 09/26/23
Eurodollar University
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More troubling developments from China's big real estate developer. Unfortunately for us, for everyone, these growing woes from over there are corresponding with indications of eurodollar tightening meaning everywhere. CNY gets weaker no matter how much authorities throw at it; Japanese bills are up (price); US$ swap spreads compressing more; Italian to German bond spreads rising; even large US banks are borrowing more to rebuild cash cushions.Eurodollar University's Money & Macro AnalysisTwitter: https://twitter.com/JeffSnider_AIP
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