China Pushes Yuan Aggressively Higher As Corporate Bonds Implode
Market Depth
The PBOC's You on Savings
The Chinese you on is actually on a pretty significant nearly 0.7% sharp intraday reversal rally against the dollar today. Due to China pulling out even bigger guns that they've been using and adding new guns to their in their war against you on sellers. The property and junk bond market and the USD denominated junk bonds are patient zero for all of these other economic and market dominoes that can fall thereafter should the you on fall. But also, it's because the actual actions taking in saving the one or attempting to save the one is revealing itself.
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