In a dramatic reversal of the 2020 pattern, the spread btwn Chinese and US 10yr bond rates is now negative!

In a dramatic reversal of the 2020 pattern, the spread btwn Chinese and US 10yr bond rates is now negative! Does this constrain ability of PBoC to do monetary stimulus? Question for @michaelxpettis
thedailyshot.com/2022/04/11/the… https://t.co/xdzRZ0pGFL

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