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Libor and Official Interest rates are at their narrowest

Posted by Mizuho Corporate Bank in July 3rd 2009  
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

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Filed under: Fundamental