LIBOR on the Rise...

The Financial Ninja details the recent increase (far from a spike) in LIBOR:

Remember our good friend LIBOR? Well, he's totally causing shit again. So don't get too excited about this short squeeze... errr... rally. (You don't put in THE bottom with a spike in Libor.)

Three-Month Libor for Dollars Increases for 11th Day: "The cost of borrowing in dollars for three months in London rose for an 11th day as banks sought cash to cover their commitments through the end of the first quarter.

The London interbank offered rate, or Libor, that banks say they charge each other for such loans climbed two basis points to 1.33 percent, the highest level since Jan. 8, the British Bankers’ Association said. The Libor-OIS spread, a gauge of bank reluctance to lend, increased to the most since Jan. 9.

LIBOR Has Come a LONG Way

Some good news!


LIBOR was actually worse than this, but October 17 was the first day Across the Curve presented the LIBOR curve.

Source: Across the Curve

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

LIBOR 11-6-08

Source: Across the Curve

LIBOR Improves Again

Source: Across the Curve

LIBOR Down... Again

Some more good news on the LIBOR front:


Source: Across the Curve

LIBOR Down

Source: Across the Curve

LIBOR Flat to Yesterday's Open

Source: Across the Curve

LIBOR Continues Improvement

Source: Across the Curve

More Thawing: LIBOR Down Again

Source: Across the Curve

Frozen Markets Become Slushy: LIBOR Down

Per Across the Curve:

Three month libor has plummeted 36 basis points to 4.02 percent this morning. My money market correspondent thinks that by the time the week is over three month Libor will have posted declines of about 100 basis points.

Source: ATC