CNH HIBOR Overnight Rate Surges 7bp to 1.54212%, Hits 2.5-Month High on June 22

According to Jin10, overnight CNH HIBOR (offshore Chinese yuan Hong Kong interbank offered rate) surged 7 basis points to 1.54212% on Monday, June 22, marking the highest level since April 9.

Two-week HIBOR rose to 1.57394%, the highest since March 27, while one-year HIBOR edged up to 1.66985%. One-week HIBOR slightly declined to 1.55591%.

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