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| telyr |
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| The last time 1-week rates spiked like this, US equity markets crashed... |
....it appears that banks in Hong Kong are desperate to borrow Yuan (or scared to lend) as overnight HIBOR just exploded higher to 9.45% - a record for the interbank offered rate....
From sub-2% a week ago (before The Fed hiked rates) to 9.45%, the overnight rates has exploded...
