Chinese stocks and ETFs surged in early trading, with the 3-fold long FTSE China ETF up more than 22%.
1. The biggest suspense in 15 years: the Federal Reserve's decision will greatly stir the bond exchange market. 2. The Federal Reserve's resolution is forward-looking: the smaller rate cut will lead to the sale of US bonds. 3. BlackRock downgraded the short-term US bond rating to low allocation across grades, warning that the market's expectations for the Federal Reserve's interest rate cut are too high. 4. Pimco: The response of bonds to the Federal Reserve's interest rate cut has always varied...