2min chapter

Market Depth cover image

China Pushes Yuan Aggressively Higher As Corporate Bonds Implode

Market Depth

CHAPTER

Introduction

Weston Akumura: Today we saw the most aggressive you on strengthening policy actions that we've seen so far this year out of China. This resulted in a very sizable and sustained move downward in dollar you on as an dollar down you want up. And with spillovers to global FX markets. Okay, and then we're also going to talk about China's dollar denominated junk bond market that's imploding throughout the week currently as we speak right now. We're going to have a special focus on one group in particular and the insane price of volatility swings of its $400 million bond that's maturing this week.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode