Wednesday, Mar 12, 2008
Our survey said... UH-UH!
Bloomberg: Money-Market Rate for Euros Climbs a Day After Fed's Measures
The cost of borrowing euros for three months rose for a seventh day, signaling central bank measures to combat the credit squeeze aren't succeeding.
Posted by tyrellcorporation @ 11:03 AM (463 views) Add Comment
4 Comments
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1. 51ck-6-51x said...
Beat me to it!
I saw this come out on Bloomberg at 10:27, but there is a delay to the web of about 1/2 an hour :(
Do note though that the FTSE 100 has hardly retraced much of the 2% gain on the day yet.
2. tyrellcorporation said...
51ck-6-51x... when you become a sad HPC veteran like me you get special powers from the webmaster to post stuff immediately. It's a small flicker of joy in my life; a bit like when the Terminator's red iris starts glowing again just after you think it's snuffed it!
3. 51ck-6-51x said...
Nah - I have the admin rights, the delay I was on about is between the news being published on Bloomberg and it being published on www.bloomberg.com :)
4. happyrenterz said...
Dollar shortage worsens in mainland "A shortage of US dollars in the mainland’s onshore foreign currency market worsened on Wednesday, with the six-month dollar lending rate quoted higher at 880 basis points above the London Interbank Offered Rate, traders said."