Great comments on the default issue. My take is that decisions were taken a few months ago to allow defaults to take place and have or are installing backstops to prevent a contagious impact. This is all part of cleaning up the financial sector so as to encourage foreign buying of the bond market even more - a necessary reform before paying for imports in Yuan which is a primary medium term objective and preparing for the global crash in markets which they and others like ourselves know is coming. The global system is being blown up using Covid19 as the reason before allowing for it is collapse.