Most offshore yuan interbank lending rates rise, with daytime repo agreement liquidity used by more than 30%

Golden Ten Data reported on April 2 that key indicators measuring offshore RMB liquidity—namely, offshore RMB Hong Kong Interbank Offered Rates (Hibor) for Thursday—showed that most major term rates moved higher. The overnight Hibor rose by 23 basis points to 1.43758%, marking the highest level since March 18. In addition, more than 30% of the Hong Kong Monetary Authority’s 30 billion RMB intraday repo liquidity has been utilized. The one-week Hibor edged up to 1.40591%, the two-week Hibor increased to 1.43151%, while the one-year Hibor slightly fell to 1.76758%, hitting another historic low. Click the link to view historical data…