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What's bothering bonds? Several key issues start with how everything about China is going wrong right now. The country reported a sizable acceleration in deflation, both consumer and producer, on top of increasing problems in its money markets like repo. With those developing against a backdrop of failed stimulus, Moody's has chimed in with downgrades to its outlook for the country, for its biggest banks, and even several crucial regions. Basically, it's a mess but one that is globally synchronized in what may be very surprising ways.
Video Length: 00:17:22
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