Former Treasury Secretary Larry Summers says rising government deficits and increasing inflation will factor into a 4.75% or higher yield on 10-year Treasuries in the decade ahead.
China is grappling with a monumental financial challenge as the turmoil in its real estate sector reverberates throughout the broader economy.
On Wednesday, a group of investors staged a protest outside the Beijing headquarters of Zhongrong International Trust Co., one of the country's leading trust companies and financial services providers.