1. Economic Data China Credit Expansion Beats Forecast on Bond Sale Deluge - Bloomberg -China’s March aggregate financing: 5.89 trillion Yuan > forecast: 4.96 tril -Net Sovereign & Local bond reached 1.5 tril, supported by the gov. -Still ‘trade war’ threatens China’s economic growth & Investment + Properties suppressed. Yellen Says Treasuries Show US Confidence Loss, Not Dysfunction - Bloomberg Yellen: Recent Treasury Selloff: Loss of trust in US / Not malfunction of market China’s Exports Surge as Orders Front-Loaded Before Tariffs - WSJ US import prices unexpectedly fall in March on cheaper energy goods | Reuters China Q1 GDP growth beats expectations, but US tariff shock dims outlook | Reuters => Q1 GDP 5.4% > Forecast 5.1%, Home price still dragged down + Tariff concerns still remain. It’s up to Chinese monetary & fiscal policy to boost the economy. U.S. Crude Oil Stockpiles Rise for Third Straight Week - WSJ Japan's core inflation accelerates, complicat...
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