RE:Nothing to see here folks keeping walking....It is surely concerning, but as they observe in the article, the biggest banks only need to be able to skate through the next few years before they can get back at least the billions they sunk into the bonds. They aren't going to be making "bank", but they aren't going to fold either.
More concerning is the off-book lending overhang that is apparently going on in China. Stuff that has nothing underpinning it other than the fantasy-capitalism game the CCP plays out.