Thursday, October 30, 2008

Overnight Libor At Lowest Level In Years

As a sign that the credit crisis has eased significantly for the time being, Overnight Libor has dropped to its lowest levels in years to 0.73125%. After spiking to 6.43% at a time when the Fed Funds Rate was at 2% on September 16th, and then spiking to 5.09% again on October 9th, O/N Libor is now below the 1% Fed Funds Rate. Let's hope it stays that way!

Onlibor

Fedfundsminuslibor

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.