akron map ohio

Inter-bank Rates Loosening But Still Historically High

Both the 1- and 3-month NYFR fell today, -12 bp and -10 bp respectively. Earlier the respective LIBOR rates fell -9 and -11 bp respectively. From Friday 1-month NYFR is -13 bp and 1-month LIBOR -12 bp, 3-month NYFR -12 bp and LIBOR -18. Both NYFR and LIBOR still have a long way to go normalize which with the Fed funds target currently 1.50 would be about 2.00 for the 1-month NYFR and 2.30 for the 3-month NYFR. For LIBOR it is 1.75 and 2.25 respectively. Hence while moving in the right direction, inter-bank funding rates are still tight.



NYFR OIS NYFR-OIS LIBOR LIBOR-OIS

1MO 3MO 1MO 3MO 1MO 3MO 1MO 3MO 1MO 3MO

AUG Avg 2.48 2.82 2.01 2.04 47 78 2.47 2.81 46 77

SEPT 16 2.85 2.97 1.65 1.64 120 133 2.75 2.88 110 124

SEPT 26 4.18 4.14 1.74 1.70 245 244 3.70 3.76 197 206

SEPT 30 4.36 4.39 1.66 1.62 270 271 3.93 4.05 227 243

OCT 9 4.80 4.88 1.39 1.29 341 359 4.51 4.75 312 359

OCT 10 4.79 4.90 1.24 1.19 355 371 4.59 4.82 335 363

OCT 13 4.56 4.75

OCT 14 4.67 4.80 1.30 1.24 337 356 4.47 4.64 317 340

Todays NYFR

Both 1- and 3-mo NYFR fell this morning. 1-mo NYFR was 4.6733 versus 4.7936 Friday and 1-mo Libor of 4.46875. The 20-day moving average is 4.2024.

ICAP's 3-month NYFR was 4.7989 versus 4.8964 Friday and compared to 3-mo Libor of 4.63500. The 20-day moving average is 4.2505.

andrew wylie and agent, akron map ohio, akron map, akron manufacture vinyl window, akron manicure ohio.