What’s In A Spread? Euro$ Futures Have Been Anticipating LIBOR-OIS For Seven Months

By |2018-04-02T19:44:42-04:00April 2nd, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Since LIBOR is a hot topic again, though no 2a7 in sight, I thought I’d add one additional perspective that isn’t found in any other analysis. LIBOR is, of course, a money rate applied not to domestic funding but eurodollars on offer in London. The current criticism of the rate stems from the fact that there isn’t volume in unsecured [...]