China just issued 2 Billion USD in USD denominated bonds! And guess what? They were oversubscribed 20X and they managed to get an interest rate almost at par with the US Treasury bonds! Is the market trusting China more or it’s the distrust in US Government that is the driver?
Discussion
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a is this a significant event or not really? Sorry to bring X Lyn here but some economic education in this place is highly welcome!