KBND - Curve Inversion 101: U.S. CPI Politics Up Front China PPI Down(ing) The Back

June, 14 2022 06:20 AM KraneShares Bloomberg Barclays China Bond Inclusion Index ETF

According to the NBS last week, the Chinese CPI dropped 0.2% month-over-month. Compared to May 2021, the index has increased just 2.1%, the same year-over-year rate as April.
Unlike what it looks from the perspective of US or European CPIs, there’s no mistaking the downturn across China all throughout last year.
That had spilled over into China’s producer prices quite some time ago. The Chinese PPI, a very good proxy for the rest of the world, gained just 0.1% May over April, and was up just 6.4% year-over-year. That compares to a peak rate of 13.5% set last October.
And that means imports into China from everywhere else, which brings up shortfalls in external money (eurodollar) as well as domestic demand.

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Company Name:	KraneShares Bloomberg Barclays China Bond Inclusion Index ETF
Stock Symbol:	KBND
Market:	NYSE