Hong Kong Raises Discount on U.S. Treasuries for Margin Cover

Hong Kong’s futures and options market operator increased the discount on Treasury bills used as collateral for margin requirements, citing concern of a possible U.S. debt default. The “haircut” will rise to 3 percent from 1 percent today for Treasuries with maturities of less than one year in m…

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Hong Kong Raises Discount on U.S. Treasuries for Margin Cover