Offshore RMB interbank lending rates rebound across the board

Golden Ten Data reported on May 8 that the offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR) showed a broad rebound across all major maturities on Friday. The overnight HIBOR rose by 2 basis points to 1.48939%, reaching its highest level since April 9. The one-week HIBOR edged up to 1.45455% and the two-week HIBOR climbed to 1.45545%, both hitting their highest points since April 13. The one-year HIBOR inched up to 1.70364%, the highest since April 27.