Yuan Overnight Hibor Highest Since February
The cost of borrowing yuan in Hong Kong surged to a seven-month high amid speculation China’s central bank is intervening to discourage bearish bets on the currency. The overnight Hong Kong Interbank Offered Rate climbed 3.88 percentage points to 5.45 percent, the most expensive since February, according to Treasury Markets Association data. The one-week rate rose 2.09 percentage points to 4.06 percent. ColumbiaThreadneedle Global Head of Equities Mark Burgess and HSBC European Economist Fabio Balboni discuss what to expect with Bloomberg's Francine Lacqua on "The Pulse."