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China Auction Buys It Membership Of An Elite Financial Club

The country’s bonds are proving attractive to investors and a thaw in relations with Washington could help things stay that way.

During the last decade, the world has had to get used to central banks such as the Bank of Japan, the Swiss National Bank and the European Central Bank imposing negative interest rates.

At the same time, bond investors have had to get their head around issuers like Germany and Switzerland issuing debt with a negative yield – in other words, investors have been paying bond issuers for the right to lend to them. Read more…..

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Ray Dalio, the billionaire founder of investment management firm Bridgewater Associates, talks with Bloomberg’s Erik Schatzker on the “Bloomberg Invest Talks” webcast about the long-term economic implications of the coronavirus crisis and what can be expected moving forward.

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