I asked a friend who's got access to a Bloomberg what's up with
interbank lending. Here's his answer:
USD are very high, and irrelevant, because market is frozen and no
one is lending at these rates or any rates
3m libor, 4.15 up from 2.82 on Lehman Day
even 1week, 4.16 up from 2.49 on Lehman day
spread between expected path of Fed funds and 3m libor, 250, up from
104 on lehman day.
Apparently, people are just pulling numbers out of their asses when
BBA calls.
Non USD rates also up, but not nearly as much. It's a USD issue.
Dean really needs to re-check his facts.
Doug
_______________________________________________
pen-l mailing list
[email protected]
https://lists.csuchico.edu/mailman/listinfo/pen-l
