Offshore RMB interbank offered rates mostly decline; nearly half of HKMA's intraday repo facility liquidity utilized

Golden Ten Data reported on April 8 that key indicators measuring offshore RMB liquidity—the CNH Hong Kong Interbank Offered Rate (Hibor) for Wednesday—showed that most rates for major terms declined. The overnight Hibor fell to 1.43394%, marking its lowest point since April 1. In addition, nearly half of the 30 billion RMB daily repo liquidity provided by the Hong Kong Monetary Authority (HKMA) has already been utilized. The one-week Hibor edged up to 1.43424%, and the two-week Hibor increased to 1.45000%, both reaching their highest levels since March 31. The one-year Hibor slightly dropped to 1.76667%, a new historical low. Click the link to view historical data...