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Macro

SHIBOR Rates Edge Lower Across Overnight, 7-Day and 3-Month Tenors

China’s overnight SHIBOR fell to 1.2630% on the latest fixing, down 0.20 basis points, while the 7-day rate dropped 0.60 basis points to 1.3230%. The 3-month SHIBOR also declined 0.20 basis points to 1.3980%, leaving all three key tenors slightly lower in the interbank market.

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