how to defuse the bomb

theres a short amount of time to defuse the bomb. bonds and fic are reflecting the reality of the situation in china ie. when china devalues they import inflation and export deflation. hawkish retoric needs to calm down if anything we need dovish language, the pboc needs to step in and get their currency below the red line, and the 10 year note auction needs to go orderly. all of these things are not happening currently