LIBOR DOUBLES!

[Mvic]

Jumped 3.33% overnight to 6.44%, was at 2.15% last week

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNuUmNVcsRRQ&refer=home

 

[Daal]

nice thats better than wamu cds

 

[sjfan]

Urr..... LIBOR spread is 100bps over treasury now. Was around 80bps last week. Hardly doubled - and the spread is the important risk indicator, not rate.

 

[Mvic]

Quote from sjfan:

Urr..... LIBOR spread is 100bps over treasury now. Was around 80bps last week. Hardly doubled - and the spread is the important risk indicator, not rate.

Fair point, thanks for making it.