The “nationalization” of the bond market is the ultimate rampart against sovereign debt crisis
In today's note, I will argue that a sovereign debt crisis in developed countries has a near-zero probability of happening due to central bank interventionism which virtually avoids a remake of the 2012 crisis.
Yuan in Focus awaiting US Rebuttal
Asia equities continue to trade higher sweeping aside the mounting tensions between the US and China, instead focusing on the perceived positives which have driven risk assets in recent weeks. Namely economic optimism surrounding reopening economies, slowing COVID-19 case growth and expanding central bank balance sheets, with the pledge to continue to backstop asset prices as and when needed.