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

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

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