Chinese Interbank Funding Freezes Again As Overnight Repo Hits 33%

Tuesday, December 27, 2016
By Paul Martin

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…

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter