Hong Kong Interbank Rates Fall Broadly, One-Month Rate Reverses to 2.84%
Stock News
Sep 22
Hong Kong dollar interbank offered rates declined across most tenors on September 22, with the one-month rate—closely tied to mortgage pricing—reversing its earlier uptrend to settle at 2.84339%, down 2.584 basis points.
The three-month rate, which reflects bank funding costs, slipped 1.661 basis points to 3.06018%. Overnight rates dipped 2.583 basis points to 2.12250%, while the one-week rate eased 0.881 basis points to 2.32845% and the two-week rate fell 1.328 basis points to 2.67976%.
The two-month tenor dropped 1.423 basis points to 2.98577%. On the longer end of the curve, the six-month rate climbed 2.756 basis points to 3.45923%, while the one-year rate edged up 1.518 basis points to 3.87845%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.