LIBOR Problems Due To Money Market Mutual Changes: BAMLMani
Most of the 17-basis-point increase in USD 3-month LIBOR levels since the end of June should be attributed to regulatory considerations and not to the Fed monetary policy, believe analysts at Bank of America Merrill Lynch. Mark Cabana and colleagues said in their August 24 research piece titled “LIBOR into and out of reform” that they believe LIBOR spreads should narrow after the October reform date and contribute to near-term FRA-OIS curve inversion.
LIBOR spread could widen further in September
As outlined . . .
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 firstname.lastname@example.org and we will get back to you as quick as humanly possible