Top 5 Charts of the Day – October 21st 2020

Liquidity pressure on banks is intensifying as more than CNY713Bn ($107Bn) in negotiable certificates of deposits (NCDs) comes due this week, the highest since Sep. 2018, while the benchmark 7-day money market rate has risen for seven straight sessions – Bloomberg pic.twitter.com/ASH2mYjyYs

— Christophe Barraud (@C_Barraud) October 21, 2020

companies have sold a record amount of domestic bonds this year, surpassing 2019’s total – Bloomberg
*Corporate bond issuance has reached almost CNY12.4 Trn ($1.9 Trn) since the year began, exceeding the 12.2 trillion yuan total in 2019, according to Bloomberg-compiled data. pic.twitter.com/3h3XTtMN4y

— Christophe Barraud (@C_Barraud) October 21, 2020

Quirk In Options Trading Could Lead To "Large, Sharp" Market Drawdown https://t.co/591lRWIb48

— zerohedge (@zerohedge) October 20, 2020

Added to the growing list of imbalances:

"Panic at the Bond disco"

Bond Puts the most expensive in years. Near important lows.

Traders perhaps too aggressive on easy stimulus/election? Watch closely. pic.twitter.com/zOnzmZGPNo

— Macro Charts (@MacroCharts) October 21, 2020

Fascinating chart from Deutsche' s @JimReid35. Even if the polls are as wrong as they were in '16, Biden on course to win FL (though only by 1%) MI WI PA AZ NH and NV. If as wrong as in '12, he wins NC, IA, OH and GA as well. pic.twitter.com/m2zMYLUQYm

— John Authers (@johnauthers) October 20, 2020