China priced in already? - BAML

FXStreet (Guatemala) - Team BAML explained, fundamentally, the combination of weak growth and modest inflation clearly supports a receive rates and buy domestic bonds strategy.

Key Quotes

However, fears of a China slowdown has been well advertised and possibly well priced in by now."

"From a strategy perspective, we believe receive is still the right trade. But entry level and technical factors such as liquidity seasonality, fiscal deposit trend, PBoC OMO and potential IPO resumption are also critical factors."