Libor Rates Are Soaring And Few Are Paying AttentionRupert Hargreaves
One of the biggest developments in the financial markets over the past few months is rising Libor rates. Away from the headlines, Libor rates the world's key interest rates, have been rising thanks to US money market regulation that’s set to come into force later this week.
Money managers have rushed to reconfigure their portfolios ahead of the introduction of the rules, and this sudden change in sentiment has led to 3-month Libor widening by 20 basis points vs. 3-month Treasury bills over the past few months, effectively tightening monetary conditions.
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.