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This is NOT About GameStop | Tactical Allocation Channel

By Eric Fine, Portfolio Manager, VanEck China cash squeeze continues. Chinese authorities remain focused on risks around speculation, and are continuing their liquidity crunch. Overnight interbank borrowing rose 29bp to 3.34% today, a level last seen in March 2016. This rate was 0.6% at the beginning of January, and it is now higher than the yield of Chinese 10-year bonds. Nonetheless, we see this as mature and confident policy, employing a variety of tailored tools. Overall market calm (othe...
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