Its been over a month since I last posted a graph of the LIBOR spread, so here we go.
Good news is, it looks like things have levelled out a wee bit, well for pounds sterling in green anyway, the Euro in blue is still drifting downwards.
Kind of neat that the dollar is creeping back up, but at a slow rate. I reckon that shows some degree of confidence.
Also a wee bit of concern that the rates for each currency over the different loan durations are spread so widely compared to a year ago, where a twelve month loan had about the same interest rate as an overnight loan.
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