Should a Chinese Barber Worry About the U.S. Interest Rate?

Chinese investors are over-worried about the Fed risk

"I went for a haircut the other day, and the barber kept talking about the U.S. government bond yield… How it has shot up and is ruining the Chinese stock market. He told me to be careful", wrote a Chinese fund manager on his Wechat Moments, "Then I realized, the whole worry over the U.S. interest rate is overblown."

Sounds familiar? This was back in Mar…