🚨 Chinese 1 year bond prices are up ≈6%

🚨 Chinese 1 year bond prices are up ≈6%

Two extremes:
🇺🇸Massive selling pressure on US Treasury securities
🇨🇳Massibe buying pressure on MoF Chinese securities

USD-denominated debt is being swapped for Yuan-denominated debt

Tariffs mainly hurt the US (unsurprisingly)