Friday, November 14, 2008

LIBOR Higher

LIBOR Musings from Across the Curve:

Does this mark the end? If this is the case, then we could be in for a wild ride over the next few weeks. Two days do not make a trend, but I would treat any surprise moves higher in libor as a warning and would not fight what could potentially be another substantial widening. Volatility will surely be higher.
Source: Across the Curve