Offshore RMB interbank offered rates continue to rise, with over 70% of HKMA daytime repo facility liquidity utilized

Golden Ten Data reported on June 16 that Tuesday's CNH HIBOR (offshore renminbi Hong Kong Interbank Offered Rate) showed most major tenors continued to rise; the one-week HIBOR edged up to 1.43788% and the two-week HIBOR rose to 1.43788%, both marking the highest since May 11. In addition, more than 70% of the HKMA's RMB 3 billion intraday repo facility liquidity has been utilized. The overnight HIBOR increased to 1.44121%, reaching a new high since May 8, while the one-year HIBOR fell slightly to 1.67879%. Click the link to view historical data>>