Following last night's dismal economic data, China's 10Y bond yield pushed above 4.00% for the first time since October 2014...
As China's intentional credit slowdown strikes.,,
Additionally, China's yield curve has been inverted for a record 22 days and analysts are warning it is likely to get worse - at least until Chinese authorities are forced to step back in.
Bloomberg provides a breakdown of analysts' comments:
David Qu, market economist at Australia & New Zealand Banking Group Ltd. in Shanghai
Li Qilin, chief macroeconomic researcher at Lianxun Securities Co.
Chris Leung, senior economist at DBS Bank Hong Kong Ltd.
Liu Dongliang, senior analyst at China Merchants Bank Co. in Shenzhen.
Zhang Guoyu, analyst at Tebon Securities Co. in Shanghai
Not exactly positive, but it seems everyone is banking on Chinese authorities losing the market's game of chicken.