"Profit from your knowledge!"
The Bull Bear Trader discusses market events and news with an interest in understanding risk and return in both bull and bear markets. Discussion topics include trading and hedging strategies, derivatives, risk management, hedge funds, quantitative finance, the energy and commodity markets, and private equity, as well as an occasional investment opinion.
Thursday, April 17, 2008
Update: LIBOR Rises After Worries of Validity
LIBOR has begun rising after a recent WSJ article (see previous post) mentioned that some BBA member banks may be under-reporting their costs for borrowing money. Various analysts estimate that the rate could be 30 to 40 bps lower than it should be. During Thursday trading, the benchmark 3-month rate rose about 8 bps, in what is typically a large daily move for the rate.
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