How Tight Is Liquidity In China? This Tight

How Tight Is Liquidity In China? This Tight

Earlier on Wednesday I highlighted tightening liquidity in China. For anyone who missed it or for those who don't read the early morning market wraps (shame on you), here's a recap: In yet another testament to how precarious the liquidity situation is, overnight CNH Hibor jumped 8.6 points to 15.18%. That’s the highest since September. Longer tenors rose as well to near 12-month highs (1-week CNH Hibor +4.5ppts to 13.266%, 3-mo. CNH Hibor +66bps to 8.998%). Here’s Bloomberg with some fur
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