Richard Turnill: EM Pricing in Risk on Protectionism

The transcript discusses the potential for a new Cold War between the US and China, with a focus on market reactions to political changes. It highlights the risks and opportunities in emerging markets, particularly in relation to global growth and protectionism. The discussion also covers China's economic indicators, such as curve steepening, and their implications for global financial conditions.

Discuss the significance of curve steepening in China as mentioned in the text.

What are the seasonal elements affecting curve steepening as discussed?