Financial Derivatives: Why these central bank rate cuts are simply not working

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Thursday, October 9, 2008

Why these central bank rate cuts are simply not working

Three-month Libor settled at 4.75% today, and as the spread between three-month treasuries and three-month Libor (TED spread) breached the 400bp barrier. Are these indicators of liquidity simply awaiting adjustment following the completion of the Lehman Brothers credit default swap auction on... Sign in to see full entry.

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