@bdw - all you have to do is blink...From The Standard.The Hong Kong Interbank Offered Rate rebounded today. The one-month Hibor, a benchmark for mortgage rates rate, climbed by 10.32 basis points to 1.98464 percent, compared to the last trading day.
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middle of last week, overnight hibor hit a high of 3.3%.. then it fell back..
market rumored that some of the carry trade guys were pushing the market to force some stop losses.. unverified.. anyway on friday hibor fell back to 1.6% level.. so that seems normal..
today it bounced back to 1.9%.. my guess, it won't be that kind of low hibors anymore.. it will stablize at some slightly higher level going ahead...