The 'weaponized' yuan continues its collapse - back above 6.6 per USD for the first time since December and down 6% from the March highs. The last time the yuan devalued this fast, it unleashed hell on the world's financial markets. Chinese stocks are fading at the open after yesterday's bounce in Shenzhen and CHINEXT (tech-heavy) indices... And this comes shortly after Bloomberg reports that, according to a macro-research firm SGH Macro Advisors, China is girding for a full-scale trade war, and U.S. Treasuries may not be immune to the skirmish. President Xi Jinping presided over a meeting of China’s highest ... (full story)