Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
06-20-2013, 06:50 AM #1
China Interbank Market Freezes As Overnight Repo Explodes To 25%
China Interbank Market Freezes As Overnight Repo Explodes To 25%
Submitted by Tyler Durden
06/19/2013 23:24 -0400
It seems liquidity (or counterparty mistrust) is beginning to reach extreme levels in China as the nation's banking system is now quoting overnight repo transactions at 25%. The explosion in funding costs echoes the collapse in trust (and surge in TED spread) among US banks in the run-up to the Lehman bankruptcy. MSCI Asia-Pac stocks are down over 3% with China's Shanghai Composite -2.5% at seven-month lows.
China's bond market is also collapsing:Yield on 3.1% govt bonds due January 2016 jumps 39 bps to 3.749%, biggest rise since notes were issued in JanuaryChina this week...
US in the run-up to Lehman...
Charts: Bloomberg
Average:5
- hinese Interbank Liquidity Freeze Continues For Third Day, Will Persist As Inflation Expected To Rise Over 5.5%
- Following Doug Kass' Prediction Of A 25% Drop In Gold, Here Is How His Other Recent Forecasts Have Fared
- Nomura: US Downgrade May Cause Repo Market Liquidity Freeze
- PBOC Scrambles To Reliquify Chinese Interbank Market, Injects CNY 300 Billion Of Liquidity
- Ice-Nine Spreads To Shanghai: Chinese Interbank Liquidity Evaporates
http://www.zerohedge.com/news/2013-0...odes-25?page=2
Citizenship Audit Finds 1,634 Noncitizens Attempted to Register...
05-09-2024, 04:30 PM in Non-Citizen & illegal migrant voters