Investors Slash China Local Government Bond Tenors to Shortest On Record
(Bloomberg) -- Investors in China’s local government financing vehicles are cutting the length of time they are prepared to extend credit and demanding higher returns, as cracks appear in the $9.1 trillion market.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsGoldman Breaks Its Own Rule to Flag Results Much Worse Than RivalsInflation at 3% Flags End of Emergency, Turning Point for FedUS Inflation Hits