Global Liquidity Update, June 2021: Good News Over?

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Global Liquidity Update: Good News Over?

 

·                Markets are becoming stretched. Last year’s liquidity impulse is fading. Our analysis is at its most downbeat for two years.

·                5-year Chinese government bond yields could drop by 50-100bp in the face of latest economic slowing, with a material pass-through into lower US rates.

 

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