What's Going On With USD Libor?Rupert Hargreaves
While the financial world’s attention is fixed on the global macro economy, Brexit and, China, something has been going on with USD Libor fixings.
The past couple of weeks have seen a sharp increase in USD Libor fixings and widening in USD Libor (as shown in the chart below) a development at Deutsche Bank blames on incoming US money market regulations, which starts to take effect on 14 October.
Considering the reliance of the global financial system on dollar funding via US money market funds . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible