Offshore CNH HIBOR Rates Rise Across Most Tenors on June 17; Overnight Rate Hits 1.45182%

According to Jin10, on June 17, offshore CNH HIBOR rates rose across most tenors. Overnight HIBOR climbed 1 basis point to 1.45182%, marking its highest level since May 8. One-week HIBOR rose to 1.46758% and two-week HIBOR increased 5 basis points to 1.48788%, both hitting levels unseen since April 13, while one-year HIBOR dipped to 1.66667%. Hong Kong Monetary Authority's 30 billion yuan overnight repurchase agreement liquidity facility was drawn down by over 60%.
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