HKMA bulletin reveals liquidity pressures
The Hong Kong Monetary Authority (HKMA) has today issued its first Quarterly Bulletin and Half Year Financial Stability Report of 2012.
In the first of the articles to be made available, the HKMA discuss the bond market in Hong Kong, disclosing that tightening liquidity is pushing up the cost of funds for banks, while bond yields continue to fall amid what it calls "substantial stress and volatility in the global market".
There was positive news with the robust increase in the debt insurance
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