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“It’s A Disastrous Day” – All Hell Breaks Loose In China’s Bond Markets

“It’s A Disastrous Day” – All Hell Breaks Loose In China’s Bond Markets

BY Tyler Durden | ZeroHedge The US bond market may be closed, but it was fully open in China, and locals took advantage of this fact to do one thing: sell. In the aftermath of our viral post “”Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play“, China property firms bonds were hit […]

“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

“Catastrophic” Property Sales Mean China’s Worst Case Scenario Is Now In Play

BY Tyler Durden | ZeroHedge No matter how the Evergrande drama plays out – whether it culminates with an uncontrolled, chaotic default and/or distressed asset sale liquidation, a controlled restructuring where bondholders get some compensation, or with Beijing blinking and bailing out the core pillar of China’s housing market – remember that Evergrande is just […]