The Trader 

Bonds and the yield curve flashing a warning

The Trader

Last week Chinese President Xi warned local officials that measures aimed at ending the coronavirus outbreak were slowing the economy – which was already running at its slowest pace in 30 years. He warned against "more restrictive measures" and suggested government officials at "all levels were urged to achieve the targets of economic and social development this year". The People’s Bank of China has already rolled up its sleeves and is ensuring plentiful liquidity.  

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