Libor under attack

Interest rates


Libor has long been one of the anchors of the interest rate derivatives market, closely tracking base rates and acting as a reference for trillions of dollars of swaps contracts and structured products. Over the past 10 months, however, this previously stable benchmark has thrashed around frenziedly, causing spreads over base rates to repeatedly hit new highs. With banks increasingly reluctant to lend to each other, Libor has become more a measure of counterparty credit risk and interbank liquid

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: