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China’s Dollar Bonds Show Trump Value of Government Backing

  • China’s offshore bonds handily outperforming U.S. counterparts
  • Investment-grade bonds enjoy expectation of support: analysts
Treasury Secretary Mnuchin Views Production Of Currency Bearing His Signature
Photographer: Andrew Harrer/Bloomberg
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Chinese and American dollar bonds have both been hammered this month by the probability of a massive hit to corporate revenue from the coronavirus containment measures sweeping the globe.