Banks in HK are showing signs of panicked need for deposits. The money is running : deposit rate offers: China Merchants Wing Lung, 5% for 1mo
HSBC, 4% for 7d
Hang Seng, 4% for 7d : All while overnight HIBOR is 67bps and 1mo HIBOR is 1.85%. #HKQUIETPANIC #HKexit
— 🇺🇸 Kyle Bass 🇹🇼 (@Jkylebass) September 12, 2019
https://twitter.com/RealDavidJensen/status/1172018228085714944
https://twitter.com/RealDavidJensen/status/1172020818936619009