China Bond Yields Drop To Decade Lows As Economy Sinks After New Loan Creation Tumbles
by Tyler Durden
ZeroHedge.com
Aug 12, 2016
Following an unprecedented credit expansion by China, which in the first few months of 2016 injected well over a trillion dollars in total credit, the payback – as previewed here – is coming. As reported earlier, overnight China reported that a swath economic activity, from factory output to investment and retail sales, slowed last month, reflecting renewed weakness in China’s economy, resulting in10Y bond yields dropping to near all time lows.
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