Overnight CNH HIBOR rate jumps to highest since September 2016

The overnight CNH (offshore) Hong Kong Inter Bank Offered Rate (HIBOR) rose to 17.76%, the highest since September 2016.

The one day HIBOR rose to 17.76%, while the 3-month HIBOR rose 89 basis points to 10.02%. Both the one-month and three-month rose to highest since January 2016.