This article confuses me
>https://www.reuters.com/markets/rates-bonds/chinas-bond-market-sees-more-economic-pain-ahead-2024-12-13/>10-year, 30-year bond yields at record lows>30-year yield is 24 bps below Japan>Although China's closed capital account diminishes the 33 trillion yuan ($4.6 trillion) market's worth as an economic forecaster, the signal from ten-year bond yields scraping record lows almost daily and long bonds falling below Japanese yields still shows a deep-set negativity about the outlook.>A benchmark ten-year yield down more than 80 basis points this year to a record low of 1.78% reflects a banking system overflowing with cash and a market broadly expecting slow growth and hardly any inflation.Isn't a low bond rate, especially for long term treasuries, what keeps the debt down? And makes capital generation for businesses cheaper?
It's so fucking weird to see America struggling with inflation and how the high yields are making real estate more difficult and cutting into corporate earnings, but then suddenly low inflation and historic low cost of borrowing is bad for China? America grew at 2.7% and Europe 1% but China at 4.5%
