bloomberg.com - 10/15/2008
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Oct. 15 (Bloomberg) -- Dollar money-market rates fell after the European Central Bank, Bank of England and Swiss National Bank offered lenders unlimited U.S. currency for the first time in a coordinated effort to unlock credit markets. The London interbank offered rate, or Libor , that banks ...
nakedcapitalism.com - 10/12/2008
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nakedcapitalism.com —
Equity analyst and market commentator James Bianco of
Arbor Research e-maileda a discussion of the breakdown of...
interbank lending to us along with a few others, His note illustrates a point made by FT Alphaville a couple of weeks ago that we have ...
(more)
"Are Central Banks Making Libor WORSE?"
bloomberg.com - 10/16/2008
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bloomberg.com —
Oct. 16 (Bloomberg) -- Money-market rates in London
fell after central banks provided $254 billion of emergency...
cash to ease the paralysis in the credit markets and UBS AG got a $59 billion government bailout. The London interbank offered rate, or ...
(more)
Money-Market Rates in London Fall as Central Banks ...
bankofengland.co.uk - 10/13/2008
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bankofengland.co.uk —
In order to provide broad access to liquidity
and funding to financial institutions, the Bank of England,...
the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank (SNB) are jointly announcing further ...
(more)
News Release - US Dollar Liquidity Operations
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Short-term interest rates drop further
BloggingStocks —
Filed under: International markets, Forecasts, Federal Reserve, Financial CrisisThe credit market thaw continues. Interest rates for three-month loans in dollars fell again early Wednesday, after three major central banks offered lenders unlimited dollars for the first time. The London three-month rate for dollars decreased 9 basis points to 4.55%, Bloomberg News reported Wednesday. Meanwhile, a comparable euro rate dipped 5 basis points to 5.18% and the London interbank overnight rate, or LIBOR, fell 4 basis points to 2.14%. The European Central Bank, Bank of England, and Swiss National Bank all offered ...
Mortgage Market Update: 10/15
Manhattan Real Estate: New York City Real Estate Tips —
... back in July but at least we have the "security" of the FDIC. A lot of countries, like Russia, do not have anything like that. But I digress.
Here is the latest from the mortgage markets: It's a little scary!
While the LIBOR slid 9bps to 4.55%, and the credit markets should as a result show some easing, mortgage rates are extremely high and the 10 yr treasury note jumped 35bps from last week.
Amid the uncertainty in the capital markets as well a investor fear and truly unbelievable volatility, here is what I am quoting as of today: ...
Who will trust the banks if they don't?
European Tribune —
While the cost of three-month dollar loans has dropped in the wake of the measures, it is still 305 basis points more than the Fed's target rate. The difference was a record 332 basis points on Oct. 10. It was 82 basis points on Sept. 15, the day Lehman Brothers Holdings Inc. filed for bankruptcy and 11 basis points on July 31, 2007, just before the start of the credit squeeze. ( Bloomberg ) ...
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“Unlimited” Dollar Liquidity
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OIS-Libor: 365 bp at record
TED Spread: 464 bp new record
Fed press release :
In order to provide broad access to liquidity and funding to financial ...
Libor Falls as Central-Bank Cash Injections Ease Credit Freeze
bloomberg.com 10/28/2008 — Oct. 28 (Bloomberg) -- Money-market rates in London declined as cash injections by European central banks showed signs of easing the paralysis among lenders. The London interbank offered rate , or Libor, that banks charge each other for three-month ...
Federal Reserve and other central banks announce unlimited liquidity
calculatedrisk.blogspot.com 10/13/2008 — From the Fed: Federal Reserve and other central banks announce further measures to provide broad access to liquidity and funding to financial institutions In order to provide broad access to liquidity and funding to financial institutions, the Bank of ...
Libor Declines on Central Bank Cash Funding, Fed Rate Outlook
bloomberg.com 10/29/2008 — Oct. 29 (Bloomberg) -- Money-market rates in London dropped as cash injections by central banks and the prospect of deeper reductions in borrowing costs worldwide showed signs of revitalizing confidence in lending. The London interbank offered rate , ...
Libor Falls on Government Bailouts, Emergency Central Bank Cash
bloomberg.com 10/20/2008 — Oct. 20 (Bloomberg) -- Money-market rates fell, extending last week's declines, as governments bailed out banks and policy makers intensified efforts to combat the freeze in lending with cash injections. The London interbank offered rate, or Libor , ...
Europe's Central Banks Slash Interest Rates
online.wsj.com 11/6/2008 — The Bank of England surprised markets with a sweeping one-and-a-half percentage point interest-rate cut Thursday, as central banks in Europe slashed their key rates to stave off deep and prolonged recessions. The Bank of England cut its key lending ...
Libor for Three-Month Dollars Rises as Cash Injections Misfire
bloomberg.com 10/10/2008 — Oct. 10 (Bloomberg) -- The cost of borrowing in dollars in London for three months rose as cash injections and interest-rate cuts by 10 major central banks failed to thaw a credit freeze that put stocks on course for their worst week in 30 years. The ...
How much fiscal backing do the key central banks have?
VoxEU.org 3/26/2009 — Willem Buiter , 25 March 2009 The last column in this series on fiscal aspects of central banking reviews the differences in fiscal backing for the Bank of England, the US Federal Reserve, and the European Central Bank. Full Article: How much fiscal ...
Bank of England, Huge Panic Cut
benbittrolff.blogspot.com 11/6/2008 — The market was expecting 1% at most. This cut smells of absolute panic. The market is taking this as a bad bad sign. This is the largest single cut I’ve ever seen from the Bank of England. Just another Step Closer to ZIRP, Liquidity Trap, Lost Decade. ...
Three Month Dollar Libor Increases
nakedcapitalism.com 10/10/2008 — Nearly two weeks ago, it was becomimg apparent that central bank liquidity operations were not merely ineffective, but had become counterproductive in getting banks to lend to each ot her. As FT Althaville noted: Liquidity is being thrown at the ...
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