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3-month SOR jumps to 1.54% on China economic weakness

Rate has risen 10% from a week ago and has more than tripled from 0.48% on Jan 19; 3-month Sibor is unchanged at 1.07%

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China's efforts to stabilise its markets showed early signs of success as the yuan strengthened and emerging market equities rallied from a six-year low. Treasuries and the yen fell as demand for havens eased.

Singapore

SINGAPORE interest rates have jumped again as Asian currencies get hammered by continued China economic weakness.

The three-month swap offer rate (SOR) was quoted at 1.54 per cent on Tuesday, a rate last seen in December 2008. At 1.54 per cent, the three-month SOR which