ZH: ‘It’s a disastrous day’ – all hell breaks loose in China’s bond markets

ZERO HEDGE reports:
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 with another wrecking ball on Monday as Evergrande was set to miss its third round of (offshore) bond payments in as …

The post ZH: ‘It’s a disastrous day’ – all hell breaks loose in China’s bond markets appeared first on The Loadstar.

Source: The Loadstar

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