Fast forward to today when after weeks of tentatively creeping higher, China’s junk bond yields not just surged higher overnight, but have just surpassed the 2020 highs, printing 14.34% overnight, and the highest level since the great repo rate crisis of 2011.
https://www.zerohedge.com/markets/harbin-we-have-problem-chinese-junk-bond-yields-hit-11-year-high
