Ticking Time Bomb: $1 Trillion Leveraged Loan/Junk Bond Issuance + Record Cov Lite

There has been a lot of discussion about the Chinese credit markets, and rightfully so, as unusual events are in the midst of probing “market” sensibilities as they relate to great imbalances. Along that line, this passage in a CNBC article caught my attention: Strict government controls, and the fact that state-owned companies own the [...]
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