Japan's Nikkei Closes Below 17,000 As Hong Kong Money-Markets 'Break' Again
With Hong Kong Dollar spot little changed (but pressing the weaker end of its peg band) and 12-month forwards suggesting notable weakness/depegging to come, it appears that the Hong Kong interbank lending debacle is far from over. While overnight money appears stable, 1-week Yuan HIBOR is up 370bps at 11.90%, and 1-month and 3-Month HKD HIBOR just snapped higher ( to Jan 2013 highs and July 2010 highs respectively). It appears comments from Hong Kong Monetray Authority's Norman Chan that it's just a matter of time before outflow of funds lead to the local currency hitting the low end of the peg sparked heavy medium-term demand for liquidity. Offshore Yuan is crepping back weaker (as is crude) after an early bounce.
*YUAN 1-WEEK HIBOR RISES 370 BPS TO 11.90%
And while the levels are not as exciting the relative spike is notable in HK interbank markets.
*HONG KONG 3-MONTH HIBOR RISES TO HIGHEST SINCE JUL. 2010
*HONG KONG 1-MONTH HIBOR RISES TO HIGHEST SINCE JAN. 2013
But for now spot is stable (albeit at the weak-end of the peg band)...
After an early bounce, crude is retumbling as stress hits HKD...
Offshore Yuan is giving up more short squeeze gains...
And Japan's Nikkei 225 closes below 17,000 for the first time since September...
(3 votes)
»
- Login or register to post comments
- Printer-friendly version
- Send to friend
- advertisements -
http://www.dailymail.co.uk/news/article-3127720/McDonald-s-restaurants-m...
Tuesday's gonna be exciting I gather.
Bet's on the DOW?
I'm calling 14,392.
16,119 - bet I win.
More like Janets bowels open and we get an about turn and dow 18000..
Lucky tonight. Can Zerohedge report. World Bank, IMF and the fucking BIS (Bank of International Settlements). These cunts are up to no good. Be aware.
Going to bed before my nuts are strung up. After 11 years, I can stay at home and get away with shit. Her words, it's time to go to bed. She always finds me on the Landi or on the back porch. I tell me her, want me to go back to the strip club lifestyle? I win debate and would never embark in that lifestyle again. She is the queen bee.
No one could replace her. I mean no one. Mrs Atomizer is the jewel of my life. It only took two failed marriages two find her. She is a pistol. A type personally like me. I love her.
Just got busted to goto bed. Goodnight Zerohedge.
Ms. OldPhart, came to my den of iniquity, and said, It's three in the fuckin' morning and you have work tomorrow (in a shreakingloudvoice), [inhale, exhale *cough*] 39 years and it's like they know what you're up to when they're asleep.
Have to sign off now.
"so goes january so goes the year."......heard on wall street week circa 1980. rest in peace lou ..cramer can't wash your jock.
What is this, The Price is Right? Whoever gets closest to the actual price without going over, or under in this case, goes to the jackpot round?
Time to Spin The Big Wheel! (Hey you Old Phart, quit playing grab-ass with Bob's Honeys...Security!)
This is IT!!
I'm SO looking forward to the Tuesday Trashin'!!
But can they actually afford to eat there?
What ships are transferring our Sovereign Wealth Fund (SWF) pay check? iPhone apple pay application doesn't work. Don't tell us you didn't understand English.
Press 1 for English
Press 2 for Obama Mexican Cartels
Press 3 is a shovel ready job.
I always press Zero, pretty much the response I expect from anyone in goobermint.
More United States taxpayers looting stories to be told. Stay tuned into this channel.
music: think of "me and misses jones, by billy paul, and change it to "me and mister yellen" :-) Sing it with me people :-)
Me and mister yellen, we got a thing thats going on. We both know that its wrong, but its much too strong to, let it go now. :-)
But, me and mister yellen have a problem, so I have another song now :-( From Ace, called how long...
Well, your friends with their fancy persuasion
Don't admit that it's part of a scheme
But I can't help but have my suspicions
'Cause I ain't quite as dumb as I seem
And you said you was never intendin'
To break up our singing this way
But there ain't any use in pretendin'
It could happen to us any day
How long has this been goin' on
How long has this been goin' on
answer: since 1913...
Mr yellen broke my heart, back to the chicago bathhouse for me...
Jekyll island. I have a old original. The reproduction is a lie. Check the copyright date.
I know...one of the better books around...I understand what you are saying...in fact, 5 secondsafter 1776 we were yet again under brithish rule...nothing new under the sun. They lost the war of guns, but took it back with rothchild money. In a matter of about 5 seconds. :-(
Too deep for most people tho, so I just have fun with it all..and I love music, dont we all?
In deep shit right now. Lie down, go to bed. Yes, many people don't understand the City of London relationship with United States. It's not a good relationship. Despite what the Jew media tells us.
Quit..
You're getting me aroused...in about five years from now.
Old guys take a little longer, and wtih HER, even more longer.
One last note. Microsoft and Google are going to die by a thousand paper shreds. Think Enron accounting. Remember? Burn baby, Burn. The shell companies are transparent. You must think we're low fruit hanging muppets to invest.
Bad mistake on your part.
That fucking Jim Cramer will poke you into stock market derivatives to bail out World Bank, IMF. Giving money away to jump start a economy is difficult. These bastards need to fleece you to made their plan seem viable. After it gets fucked up again, they'll just ask for more money. Wash, rinse, and repeat. Shhhhhh. You cannot tell the peasantry.
off the low though [/cnbc blather]