Focus
bonds
Chinese Yuan Fluctuates, Depreciation Pressure Deepens
The RMB will depreciate further as the CCP may “monetize the fiscal deficit” of the state.
US 10-Year Treasury Yield Surges to Highest Level Since 2007 After Fed Minutes
The 10-year yield picked up 3 basis points to finish the Aug. 16 trading session at 4.29 percent—the highest close in 16 years.
