TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) held at 1.2810% on the latest fixing, unchanged from the prior session at 0.00 basis points. The 7-day SHIBOR fell 0.80 basis points to 1.3400%, while the 3-month rate declined 0.20 basis points to 1.4035%.
SHIBOR: Overnight Rate Flat at 1.2810%, 7-Day and 3-Month Rates Ease
AI take
The divergence is the story: overnight liquidity is pinned while the seven-day and three-month tenors ease, a pattern that points to ample near-term cash but softer expectations further out on the curve. Moves of less than a basis point are marginal, so the signal is directional rather than decisive, and it matters mostly as a read on domestic funding conditions rather than as a standalone catalyst. Whether the longer tenors keep drifting lower while the overnight fixing stays anchored is the open question worth watching.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
8m ago
German President Steinmeier Visits Anhui, Tests Volkswagen Smart EV in Hefei
10m ago
South Korean Won Falls 1.1% Against Dollar, Biggest Drop in a Month
15m ago
Standard Chartered Q3 Pre-Tax Profit $2.25B, Beats $2.09B Estimate
22m ago
Hang Seng Tech Index rises 2% intraday; MNIMAX up over 8%, Lenovo up over 6%
29m ago
India’s SENSEX index falls 1%
35m ago
Kioxia shares jump 16% after SK Hynix earnings beat