Hong Kong one-month HIBOR rebounds from monthly low

Hong Kong interbank offered rates moved in mixed directions on Tuesday, with the mortgage-linked one-month rate rebounding from its lowest level this month.

The one-month HIBOR rose about 64 basis points to 3.50 percent, according to data released by the Hong Kong Association of Banks.

Among shorter tenors, the overnight HIBOR was the only rate to decline, easing around 32 basis points to 3.56 percent. The one-week and two-week rates both climbed about 62–63 basis points to 3.49 percent.

For longer maturities, the two-month HIBOR rose nearly 60 basis points to 3.51 percent, the three-month rate gained 49 basis points to 3.57 percent, while the six-month and one-year tenors advanced 37 and 39 basis points to 3.44 percent and 3.37 percent, respectively.

STAFF REPORTER