HIBOR Shows Mixed Movements with One-Month Rate Declining for Third Day to 2.62619%

Stock News05-18 13:40

On May 18, the Hong Kong Interbank Offered Rate (HIBOR) displayed varied trends across different tenors. The overnight rate settled at 2.42464%, down by 0.613 basis points. The one-week rate decreased by 1.25 basis points to 2.5%, while the two-week rate rose by 1.233 basis points to 2.6%.

The one-month HIBOR, which is linked to mortgage rates, fell by 1.262 basis points to 2.62619%, marking its third consecutive day of decline. The three-month rate, reflecting banks' funding costs, edged up by 0.143 basis points to 2.88458%.

In the longer-term segment, the six-month rate remained unchanged at 3%, while the one-year rate increased by 1.94 basis points to 3.18363%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment