🇨🇳 China's 5Y bond yield crashed 7% today and hit a 20-month low.
The 5Y yield is now just 2.5 bps away from hitting a record low.
🇨🇭Switzerland SNB can borrow money at ~0.40% for 10 year...
China has become Brazil’s largest trading partner
PBOC <- $30B - > BCB
Brazil's Central Bank (BCB) and the People's Bank of China (PBoC) signed a currency swap agreement worth R$ 157 billion (US$ 28 billion). The arrangement is valid for five years. swap line rollover auto renew
PBOC <- $30B - > BCB
Brazil's Central Bank (BCB) and the People's Bank of China (PBoC) signed a currency swap agreement worth R$ 157 billion (US$ 28 billion). The arrangement is valid for five years. swap line rollover auto renew
❤️1