Discover the truth behind Powell's comments and their impact on the market. Contrary to popular belief, the reaction was driven by bond market moves, not Powell's hawkishness. Explore the mixed trends in equities and commodities, along with the noteworthy 30-year auction. The FX space shows a constructive risk side, with NZD and CAD leading the way. Uncover the key pivot for USD price action.
China's Country Garden plans to finalize a restructuring plan for its offshore debt by the end of 2021. The property developer aims to inform key bondholders of cash flow projections, laying the groundwork for negotiations with offshore bondholders in early 2022.