Overnight Hibor rate implodes to 69.4% - RTRS

Reuters reporting headlines that overnight implied deposit rate for offshore yuan in Hong Kong (HIBOR) spikes to 69.4%.

Hong Kong’s offshore yuan overnight borrowing rate (HIBOR) was fixed at 38.335% versus 16.94767% previous fix.

While Offshore yuan premium over onshore 1.1%, largest since 2010.