Hong Kong HIBORs fall across the curve

Hong Kong interbank offered rates fell across the curve on Wednesday, with the mortgage-linked one-month rate hitting a near one-month low.

The one-month Hibor dropped 8.01 basis points to 3.42417 percent, the lowest since September 19, when it was 3.41607 percent.

Short-term Hibors fell sharply, with overnight rates down 21.92 basis points to 3.34476 percent, one-week down 11.35 basis points to 3.37232 percent, and two-week down 7.15 basis points to 3.41429 percent — all the lowest since mid-September.

Medium- and long-term tenors also eased, with three-month Hibor at 3.53066 percent, six-month at 3.4 percent, and 12-month at 3.3225 percent, marking their lowest levels in several weeks.

STAFF REPORTER