CNH HIBOR Falls Across All Major Tenors on May 15, Overnight Rate Hits Week Low at 1.23%

ALL3.31%
MAJOR0.74%
ON-4.65%
MAY0.02%
According to Jin10, on May 15, offshore Chinese yuan Hong Kong interbank offered rates (CNH HIBOR) declined across all major tenors. Overnight HIBOR fell 10 basis points to 1.23485%, marking its lowest level since May 6. One-week HIBOR dropped 6 basis points to 1.37576%, while two-week HIBOR declined to 1.40727%, both reaching one-week lows. One-year HIBOR edged down to 1.70182%.
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