FT News Briefing This bond market rally is epic
9 snips
Dec 21, 2023 
In a compelling discussion, FT reporter Benjamin Parkin shares insights from his recent travels to southern India, investigating how factories might provide solutions to severe employment challenges. He unveils the story of Maheshwari, showcasing the transformative impact of manufacturing jobs on local communities. Additionally, the conversation touches on a global bond market rally and alarming trends in China, where rising health insurance premiums are causing millions to drop out of coverage, raising concerns about the nation's economic stability.
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Bond Market Rally
- The bond market is experiencing a massive rally, with U.S. Treasury yields falling below 4%.
- This surpasses predictions by over a year, driven by investor optimism about potential interest rate cuts.
China's Healthcare Crisis
- Millions are leaving China's state health insurance, a trend driven by rising premiums and economic slowdown.
- This unprecedented drop raises concerns about the country's economic shift towards consumption.
Maheshwari's Story
- Maheshwari, a former farm worker, now earns double at a garment factory, supporting her family.
- While she values this job, she hopes her children pursue higher education.