Thursday, June 4, 2009

LIBOR Falls to Lowest Level Ever

Libor falls to record low as counterparty-risk fears recede The TED spread is now down to 50 bps - a level not seen since pre-Lehman crisis.

Amid increasing investor appetite for risk and a tightening of credit default swaps, Libor fell to the lowest rate since the British Bankers' Association began publishing it more than two decades ago. BBA data show the three-month U.S. dollar Libor, which peaked at 4.81875% in October, has plunged to 0.63688%.

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