Chinese Interbank Funding Freezes Again As Overnight Repo Hits 33%
by Tyler Durden
ZeroHedge.com
Dec 27, 2016
While we have previously shown the amazing gimmicks the Chinese central bank does with the short end of the offshore Yuan interbank offered rate, which as previously explained, and as shown in the animation below, has become the PBOC’s favorite means of punishing currency speculators by making Yuan borrowing costs against shorts crushingly high, forcing short unwinds…
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