As China’s Banking System Freezes, SHIBOR Tumbles To Lowest In A Decade
via Zerohedge: One trading day after we reported that China was “Hit By “Significant Banking Stress” as SHIBOR tumbled to recession levels, and less than a week after we warned that China’s interbank market was freezing up in the aftermath of the Baoshang Bank collapse and subsequent seizure, which led to a surge in interbank repo rates and a … Read more