Dollar debt. China is planning to sell $3 billion in U.S. dollar bonds this month, its second such sale in a year. The country is apparently planning to become a regular issuer of sovereign debt, this time offering bonds with five, 10 and 30 year maturities. Nikkei Asian Review
In dollars? It becomes really interesting from the standpoint of usage of dollar as the global currency. Seems rumors about currency revolution is a bit overrated
I am not much of a macro economist, but it's probably some form of the benchmarking play (considering the size). Like they want to have some USD-denominated debt for credit benchmarking
We're seeing a sell-off with no fear, says chief economist Listen to Melissa Lee from 2:35 to 2:49 then to Jack Bouroudjian from 2:53 to 3:00...
Nice.. btw dealmaker have you seen how rate hike odds on future rose after the sell-off? It rose to 81.4% AFTER S&P 500 erased 7%. Why selling but betting on rate hikes at the same time? Can't get my head around it, maybe it's simply "market reset" before the new year rally