Offshore CNY HIBOR Rates Rise Across Tenors, Two-Week Rate Hits 1.42% on June 8

According to Jin10, most tenors of the Hong Kong Interbank Offered Rate (HIBOR) for offshore Chinese yuan rose on Monday, June 8. The two-week HIBOR jumped 10 basis points to 1.41849%, marking its highest level since May 14. Overnight HIBOR climbed 9 basis points to 1.37061%, while the one-week rate increased 7 basis points to 1.38333%. The one-year HIBOR remained flat at 1.65000%.
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