US Yield Curve Now Flat Between 12months LIBOR And 10yr Treasury: US Banks Do Not Flinch, Yet by Francesco Filia, Fasanara Capital 12-months US Libor squeezed higher in anticipation to changes in US regulation on prime money-market funds, kicking in on October 14th. Critically, it is unclear whether such technical factors will fade, partially or in full, once the new regulation kicks in and uncertainties clear. Coincidentally, rates on short-dated govies also moved higher in past weeks in anticipation of potential rate hikes by the FED. In addition to the tighter financial conditions in the inter-banking market that the squeeze…
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