MAD world! #China issued 5y notes this week at a yield of -0.152%, 1st time it has managed to borrow at negative interest rates.

MAD world! #China issued 5y notes this week at a yield of -0.152%, 1st time it has managed to borrow at negative interest rates. Investors placed total orders of about €18bn as investors seems to want more exposure to China. t.co/v87CirEOb7 pic.twitter.com/LEYzA3o6mY

— Holger Zschaepitz (@Schuldensuehner) November 19, 2020

JPMorgan predicted that defaults by China’s state-owned enterprises will climb

“Credit risk is under-recognized” with regard to state enterprises. “We expect more defaults on SOE bonds or loans”#China #debt #defaultt.co/CCCeVm1qvH pic.twitter.com/8xevgUnGUK

— GnS Economics (@GnSEconomics) November 19, 2020