The biggest Banks each have hundreds of billions of dollars of such debt, including overnight loans from other Banks, short-term paper sold to money-market funds and bonds held by pension funds.
Steel prices fell, China-related equities sold off,and we even saw some hedge funds take aggressive short yuan positions in thenon-deliverable forward space.
钢铁价格回落，股票被抛售，我们甚至看到一些对冲基金在远期的非交割市场上大量做空人民币。
3
They are also unwinding short positions, which means buying back stock they sold earlier.