China Will Issue Dollar Denominated Sovereign Bond On October 26.
First Chinese Dollar Denominated Bonds in 13 years.
While alternative financial media is focused on fantasies of a Gold Backed Yuan & the End of the Petro Dollar, China is Issuing a Dollar Denominated Bond and adding U.S. Treasuries to Her Reserves
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Headlines:
China to sell first dollar bond in 13 years on Thursday
“HONG KONG, Oct. 25 (Xinhua) — China will issue 2 billion U.S. dollars worth of dollar-denominated sovereign bonds on Thursday, China’s Ministry of Finance (MOF) said here on Wednesday.”
China to sell first dollar bond in 13 years on Thursday
“China will issue 2 billion U.S. dollars worth of dollar-denominated sovereign bonds on Thursday, China’s Ministry of Finance (MOF) said in Hong Kong on Wednesday.”
with a source
vs.
Nikkei Asian Review
China sees new world order with oil benchmark backed by gold
“DENPASAR, Indonesia — China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry.”
“It’s A Huge Story”: China Launching “Petroyuan” In Two Months
“This means that Russia – as well as Iran, the other key node of Eurasia integration – may bypass US sanctions by trading energy in their own currencies, or in yuan. Inbuilt in the move is a true Chinese win-win; the yuan – according to some – will be fully convertible into gold on both the Shanghai and Hong Kong exchanges.”
https://twitter.com/Smaulgld/status/909537296042663936
The Curious Case of the Gold Backed Yuan Story Just Got Curiouser
https://twitter.com/Smaulgld/status/923348197564657665
https://twitter.com/Smaulgld/status/923142520208592896
https://twitter.com/Smaulgld/status/923341487043211265
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