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Pay Attention! We Got China Credit Data Overnight
Ok, so it's Friday. And before you get too excited about that, remember that all it means is that two days from now it will be Monday. Bummer, right?
Well overnight we got the latest read on China TSF and new RMB loans which, at this point, is something you need to watch really - really - closely for signs that the PBoC's efforts to rein in leverage and speculation are feeding through to the actual data. Here's a quick bullet point summary:
China’s April New Loans 1.1t Yuan; Est. 815b Yuan
