China: Banks Paying 50% For Overnight Funding

Posted on by http://wealthcreation.club
🇨🇳 🇨🇳 Warning: China’s banks in urgent need of short-term funds are paying high overnight rates, with some having to pay a 50% overnight rate last week. Onshore lenders doubled their issuance of negotiable certificates of deposit this week to more than $137 billion—the largest weekly issuance of such debt on record
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