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China's ICBC Bank hit with Ransomware attack/ liquidity of US treasury markets impacted
Posted on 11/9/23 at 1:03 pm
Posted on 11/9/23 at 1:03 pm
Disclose.TV Breaking News with CNBC video
The leader of the Chinese banking sector, ICBC Bank, suffered a powerful cyber attack, which led to the collapse of the US Treasury bond market.
Bloomberg Video
The leader of the Chinese banking sector, ICBC Bank, suffered a powerful cyber attack, which led to the collapse of the US Treasury bond market.
Bloomberg Video
This post was edited on 11/9/23 at 1:07 pm
2
Posted on 11/9/23 at 1:25 pm to MrLSU
quote:Wrong.
which led to the collapse of the US Treasury bond market.
The video you linked says the cyber attack has affected only ICBC's ability to settle treasury trades on behalf of its counter parties.
Other institutions trading treasury securities, including all U.S. Primary Dealers, have not been affected.
It's such a non-event in the U.S. markets that the story doesn't even make the news headlines on CNBC.
Why are you such a drama queen?
Posted on 11/9/23 at 1:26 pm to MrLSU
quote:
which led to the collapse of the US Treasury bond market.
So go buy bonds on discount today?
Posted on 11/9/23 at 1:27 pm to LSURussian
It did drop 33bps in about an hour
Posted on 11/9/23 at 1:30 pm to SDVTiger
quote:I'm sure that had nothing to do with Fed Chairman Powell giving a speech this morning where he said he's not sure the Fed is finished raising rates, right? Powell says Fed is ‘not confident’ it has done enough to bring inflation down
It did drop 33bps in about an hour
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