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China Pushes Yuan Aggressively Higher As Corporate Bonds Implode
Market Depth
Wanda Group's $400 Million Bond Repayment
Wanda group has a $400 million USD bond that's due on July 23. The bonds immediately tank from 93 cents on the dollar down to below 70 instantly. That's a massive move and it spreads fear across the entire Chinese, you know, dollar junk bond space. And then subsequently that July 23 bond price reverses and makes a record move surge back upwards as of now as of this recording.
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