HKD HIBOR rises across the board; one-month rate up for second straight day at 2.64%

On November 12, HKD HIBOR rose across the board, with the one-month rate, which is linked to mortgage payments, at 2.63863%, up 4.411 basis points; the three-month rate, which reflects banks' funding costs, was at 3.20030%, up 4.339 basis points. The overnight rate was at 2.53393%, down 57.559 basis points; the one-week HIBOR rose 3.845 basis points to 2.52893%, while the two-week rate rose 6.780 basis points to 2.55851%. On longer tenors, the six-month HIBOR rose 5.857 basis points to 3.35946%, while the one-year rate rose 7.559 basis points to 3.86702%.