anyone notice the LIBOR rate?

W

Warrior4g

its been going up for the past 2 weeks and nobody has really taken notice until today. good article in the wall steet journal about it.
 
mixture of Sep07->Dec07. later contracts were needed to offset the fact that target is recently above the effective rate.

it was a stupid trade. not that the idea itself was stupid but it was extremely risky (+leveraged) and it was likely i am going to get killed before it gets better - well lesson learned the hard way.
 
Quote from dhpar:

well unfortunately I noticed - lost lots of money on spreading fed funds against eurodollars...
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How strongly is this spread linked to LIBOR ?

abc1
 
it used to be extremely strongly correlated - now it is almost independent...(actually it is likely negatively correlated)
 
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