Markets

The LIBOR is a global interest rate that affects the rates of many loans and investments. Here’s how it’s set, and why it’s slated to end

The London Interbank Offered Rate (LIBOR) is a series of benchmark rates used by lenders to determine other short-term interest rates. A variety of financial products like CDs and loans like adjustable-rate mortgages are based on LIBOR, especially the three-month rate. Though often a harbinger of trends in bank lending […]
The LIBOR is a global interest rate that affects the rates of many loans and investments. Here’s how it’s set, and why it’s slated to end
Markets

An indicator that last blew up during the GFC is on the move again

The Reserve Bank of Australia (RBA) isn’t overly concerned about a recent spike in short-term US dollar borrowing costs, suggesting it’s not been driven by a perceived deterioration in creditworthiness in the financial system. It’s not a GFC-type event, in other words. “The recent spike does not relate to major […]
An indicator that last blew up during the GFC is on the move again