15 days ago • Posted by Jasper Lawler
Yields on China junk bonds blowout
A practical example of the Dollar Milkshake Theory - Yields on China Junk DOLLAR Bonds... Foreign bond holders need USD to pay back debt so demand rises for USD - often with yields. China can devalue their currency to buy USD to pay debt but that bids up the USD!
Source: @SantiagoAuFund / @Samanthaladuc