Offshore CNH HIBOR Rates Hit Multi-Month Highs, One-Week Rate at 1.70% on June 26

According to Jin10, offshore Chinese yuan Hong Kong Interbank Offered Rates (CNH HIBOR) on Friday, June 26, showed multiple tenors rising, with the one-week rate climbing to 1.70000%, its highest level since January 19. The one-year HIBOR advanced to 1.76803%, marking a new high since April 10. Overnight HIBOR declined 3 basis points to 1.52712%, while two-week HIBOR rose to 1.70000%, reaching its highest point since February 3.
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