Libor and Official Interest rates are at their narrowest |
|
Overview Interbank and Treasury yields are mostly lower again as we ponder what comes next. Spreads between Libor and Official Interest rates are at their narrowest since the crisis erupted on our radars, pushing some money market futures contracts to new record highs (Eurodollar 99.4625 and Euribor 99.050). This dragged two-year benchmark yields down, German ones dropped 60 basis points to 1.215% over the last four weeks, US ones –50 bp to 0.9775%, and Japanese to 0.250% their lowest since
Filed under: Fundamental
Latest Posts
- Today’s Live Show: What’s in Store for the EUR in a Crucial Week Ahead?
- Comprehensive FX and Futures Daily Commentary
- Many markets are unstable at current levels
- Many markets are unstable at current levels
- Jobless Claims Fall Slightly, Labor Market Has Stabilized
- Market rates set to head upwards
- The Financials: market is down before the open on fears of bank reform and Greece’s issues
- Canada: Retail sales up 0.7% in January
- Best pair to trade now II: EUR/USD
- EUR/USD: No time for reversal yet
- Chart EUR/CHF Update: Support at 1.4340/50
- March inflation forecast now reads 1.4% yoy
- The U.S. dollar rallies for the third day
- Stock Traders focusing on Quadruple Witching
- U.S. Dollar strengthens Overnight; Risk Aversion Highlighted