Showing posts with label SHIBOR. Show all posts
Showing posts with label SHIBOR. Show all posts
Thursday, March 6, 2014

China's credit markets under pressure

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China's corporate sector has been hit with escalating credit problems. Here is the latest: 1. Shanghai Chaori Energy Science and Tec...
Monday, December 23, 2013

Reduction in fiscal stimulus creates tight monetary conditions in China

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China's short-term rates have spiked again. In a replay of this summer's liquidity squeeze ( see post ), term money market rates (...
Tuesday, July 23, 2013

More bad news on China's economy

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The widely followed Markit PMI report of China's manufacturing for July was disappointing, coming in at an 11 months low. Source: ...
Friday, July 5, 2013

China's short-term rates stabilize but the yield curve remains inverted

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The sharp jump in China's short-term rates has been nearly reversed. Repo rates are approaching their longer-term averages, with the P...
Sunday, June 9, 2013

China's short-term rates spike to multi-year highs; SHIBOR and repo curves become inverted

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China's interbank rates have unexpectedly spiked last week as the SHIBOR curve (China's LIBOR equivalent) became highly inverted. ...
Monday, December 3, 2012

The SHIBOR curve is now positively sloping

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Another indicator pointing to some stabilization in China's economic growth ( see discussion ) is the SHIBOR curve. SHIBOR is China...
Tuesday, August 21, 2012

PBoC managing China's rising interest rates

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Interest rates in China have been on the rise. The 7-day repo swap rates have been increasing across all tenors. These swaps exchange the ...
Wednesday, July 25, 2012

Goldman's bullish call on China may be premature

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So far markets' reaction to the latest increase in China's manufacturing PMI has been quite muted (h/t Avi Cohen). Here are fou...
Monday, July 9, 2012

China's domestic rate expectations trending down

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China's rate expectations continue to decline. The chart below shows China's 2-year domestic rate  ( SHIBOR )  swap level - the ma...
Wednesday, May 16, 2012

To see China's slowdown in "real time", just watch their interest rates

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PBoC, China's central bank, is having trouble stimulating lending. The trouble now seems to be more demand driven, as the economic sl...
Monday, May 14, 2012

AUD below parity points to China-Australia link

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China's one-year SHIBOR swap, an instrument that works just like the LIBOR based USD rate swap, provides a window into near term marke...