What Easing? Libor Surges To Highest Rate In 10 Years

While stocks, and with a notable delay bonds, were happy to run with Powell's dovish reversal on Wednesday, one key market - arguably the most important one for financial conditions when it comes to the broader economy - has refused to respond.

Earlier today, instead of reacting to what has been interpreted as the Fed Chair's "dovish repricing" of future rate hike expectations, 3 month USD Libor jumped over 3 basis points to 2.73813%, the highest level in more than ten years.

 

 

https://www.zerohedge.com/news/2018-11-29/what-easing-libor-surges-most-8-months-squeezing-199-trillion-credit

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