SEP 9, 2016
Here's what TradeSnoop had to say today about HIBOR, SHIBOR and Market Liquidity
First it was US Libor-OIS, now we are seeing similar moves in Chinese money markets with HIBOR and SHIBOR. None of this has anything to do with the new money market rules which passed two years ago. There is a liquidity issue within the system. Markets hate liquidity issues.