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Euribor Market Interest Rates Soar

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Euribor market interest rates at 9-1/2 month highs
14:02, Tuesday 29 June 2010
FRANKFURT (Reuters) - Key (NYSE: KEY - news) euro-priced bank-to-bank lending rates hit their highest levels in more than nine months on Tuesday as banks prepare to pay back 442 billion euros to the European Central Bank on Thursday.

This will not help the now underway recovereh. So long as its contained all will be well.

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Maybe, and this is just a suspicion, you can shoot me down in flames if you want, but - and don't forget this is just an idea, you know, something out of left field - maybe, once they banks have paid the European Central Bank back, the European Central Bank will lend them the money again.

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Yep, risk aversion is back with a vengeance, and the Euro is looking very shaky again.

UK plc not looking too bad in comparison, just watch that 10yr BTPs /gilts spread soar to 70+ bps

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2-year note yields hit record low in risk aversion

Topics:Economic newsStocksUS
Chris Reese, 14:24, Tuesday 29 June 2010
- U.S. Treasuries rose on Tuesday, pushing two-year note yields to the lowest on record, as stocks tumbled globally in worries over euro-zone debt problems and the potential for a U.S. double-dip recession.
Benchmark 10-year Treasury note yields fell below three percent for the first time in 14 months, and three-month euro Libor, or the price that European banks charge each other for short-term loans, rose to an 8-month high.

US IR tumbling as EU soars. Must be a HUGE risk perception out there. Has the bond market got it right again?

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very unlikely

The bond markets have a track record that is quite accurate--never been wrong. At least not in real-time (ST) and medium term. They reflect market risk assessment and they become a self-fulfilling prophecy because they move so much money at one time.

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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