This graph shows the surge in Chinese junk yield on liquidity squeeze from higher interest rates, higher DXY, and, next, decreasing USD liquidity when tariffs start to bite.

July 15, 2018 9:26 am by IWB

#China #EmergingMarkets #Gold

The Fed has been hammering Chinese banks, that have borrowed $2T short in the offshore interbank market & lent long domestically, with higher rates & now DX.

$200B tariff list clear notice of less USD liquidity.

#China bank & CNH crisis on deck. #Gold