On Monday morning, Hong Kong's three-month interbank rate moved to a new 2008 high of 3.85%, according to TradeTheNews.com.
But the three-month interbank rate soared, reaching 6% by the end of March, and credit conditions have accordingly tightened despite the lower base rate.
Comparing variable-rate loans can be tricky because some private student lenders tie rates to the prime rate while others use the one-month or three-month London interbank offered rate, or Libor.
The three-month London Interbank Offered Rate, or LIBOR, dropped to 4.50 percent from Wednesday's 4.55 percent.
The three-month London Interbank Offered Rate was 3.42% on Wednesday, a vast improvement from the 4.82% earlier this month but still high considering the corresponding Treasury bond yield.
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And Apple sold floating-rate bonds that mature in three and five years at rates of 0.05 and 0.25 percentage point over the three-month London interbank offered rate, an industry benchmark.
The three-month, dollar-denominated London interbank offered rate hit 0.303%, touching a level not seen since April.
Reuters reported Thursday morning that the rate on the three-month Euribor, a gauge for interbank lending in Europe, rose 1.2% from 1.19%, showing greater expectations for an interest rate hike.
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His strategy was based on the fixing of three-month swaps pegged to Euribor -- the euro-based interbank lending rate set in Brussels by averaging 44 banks' submissions, regulators have said.
The three-month Treasury yield sank to 0.68%, while the London interbank offer rate rose to 3.88%.
Still, on Friday, the London interbank offered rate, which measures the rate of lending between banks, eased slightly for three-month lending in euros and sterling.
The overnight London interbank offered rate jumped to 3.94% from 2.37%, while three-month Libor inched up to 4.32% from 4.29%, illustrating the unwillingness of banks to lend among themselves.
The overnight London interbank offered rate jumped again to 3.94% from 2.37%, while three-month Libor inched up to 4.32% from 4.29%, illustrating the unwillingness of banks to lend among themselves.
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