CNH Tactical Peak with HK Short and Long Targets

Breakneck Monetary Expansion Needs to Stop or Reverse in Order to Brake the RMB's Fall

China’s Policy Easing/Financial Risks/Next Phase of “Going Rural”/Capital Flight/Vaccine Scandal

China Macroeconomics & Academia

Christopher Balding

FX & Rates

<p>Chinese interest rates have been an ongoing pressure point in many different ways.  From the strains in the money markets due to shadow sector deleveraging and the subsequent cut in the RRR, this shows up primarily in the money market and collateralizable debt assets.</p><p>We have seen a notable drop in interest rates in interbank repo and government yield curve over the past month.  We believe this is due to the increased liquidity from the RRR cut and accompanying PBOC provision of additional…</p>

Chinese interest rates have been an ongoing pressure point in many different ways.  From the strains in the money markets due to shadow sector deleveraging and the subsequent cut in the RRR, this shows up primarily in the money market and collateralizable debt assets.We have seen a notable drop in interest rates in interbank repo and government yield curve over the past month.  We believe this is due to the increased liquidity from the RRR cut and accompanying PBOC provision of additional…

CNY

China Rates Expected to Move Upward