This from the Wall Street Journal on developments in China
- A gradual tightening of short-term credit by the PBOC
- Combined with rumors of liquidity squeezes at brokers
- Prompted a mini-rout in the country's $8 trillion-plus bond market last week
- This forced authorities to reverse course and inject some $86 billion in short- and medium-term funds
Article is here. It's the WSJ, so it may be gated: Bond Selloff Shows Risks of China's Efforts to Restrain Credit
