Hong Kong dollar two-month and above interbank interest rates have risen across the board, while overnight rates hit a one-week low.

13:42 04/03/2024

On March 4th, the Hong Kong dollar two month and above Interbank Offered Rate (IBOR) rose across the board. Among them, the three-month IBOR, which reflects the cost of bank funds, rose to 4.68458%, returning to the level seen on February 28th. The spread between the Hong Kong dollar IBOR and the US dollar LIBOR slightly narrowed to 91 basis points.

On March 4th, the Hong Kong dollar two-month and above Interbank Offered Rate (HIBOR) all rose today, with the three-month HIBOR, reflecting the bank funding cost, rising to 4.68458%, returning to the level of February 28th, and the spread with the USD LIBOR slightly narrowing to 91 basis points. However, the overnight rate dropped by 13 basis points to 3.80143%, hitting a one-week low, while the HIBOR related to mortgage loans remained at 4.46917%. As for longer-term rates, the six-month and one-year rates rose to 4.69% and 4.76732% respectively.

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100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.

Choose a Fed chairman who is "willing to lower interest rates", the history of American presidents has always been "difficult to fulfill their wishes"!