Hibor decline across the curve ahead of half-year close

Hong Kong interbank offered rates fell across all maturities on Monday, the final trading day of June, with the mortgage-linked one-month tenor dropping to its lowest level in over a week, official data showed.

The one-month Hibor fell 10.29 basis points to 0.72744 percent, the lowest since June 23, while the three-month Hibor, a key gauge of banks' funding costs, eased 3.22 basis points to 1.67958 percent, according to data from the Hong Kong Association of Banks.

Short-term rates also declined. The overnight Hibor dropped 0.55 basis points to 0.02839 percent, the lowest since June 25, while the one-week rate fell 6.57 basis points to 0.15637 percent, also the lowest since June 23.

As for longer-dated rates, the six-month Hibor edged down 0.33 basis points to 2.37625 percent, and the 12-month rate slipped 1.94 basis points to 2.96274 percent.

STAFF REPORTER