Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve...

Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens

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Source: Coindesk.com

China's surprise rate cut signals panic, adds to risk aversion in the market. The steepening of the U.S. Treasury yield curve is the biggest risk, one observer said.

Risk assets slid Thursday as China's second interest-rate cut in a week sparked concerns of instability in the world's second-largest economy.

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The post "Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens" appeared first here Coindesk.com.

Source: Coindesk.com

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