Tuesday: US debt issue plans weigh on investors
Investor concerns about US Government plans for big issues of new Treasury bonds to fund ongoing deficits is driving up bond yields globally this morning. In our bonus deep-dive interview, ANZ’s Chief Economist for Greater China Raymond Yeung has identified a tipping point for the debt bound up in China’s key Local Government Financing Vehicles (LGFVs). Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/