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yaakov

Libor Rocketing

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Watch IR soar if Ben cuts again in the US. The last time he cut, the 30 year fixed went over 7%!

I suspect Merv has seen what has happened in the US and thinks it best to stand pat as to cut might send Libor up up and away.

The CBs are locked up no matter what they do IR are rising. You cannot beat the market and the markert is screaming two things:

1. Risk

2. Inflation

That means higher IR.

Edited by Realistbear

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Watch IR soar if Ben cuts again in the US. The last time he cut, the 30 year fixed went over 7%!

I suspect Merv has seen what has happened in the US and thinks it best to stand pat as to cut might send Libor up up and away.

The CBs are locked up no matter what they do IR are rising. You cannot beat the market and the markert is screaming two things:

1. Risk

2. Inflation

That means higher IR.

CBs have lost control.

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This also from MarketsLive

PM WE SHOULD GO STRAIGHT TO LIBOR

RO *DJ 3-Month Sterling Libor Fixed At 5.93188% Vs 5.84375% Thurs

PM aS bAZ NOTES BEFORE - LIBOR HAS ROCKETED

PM Sorry for the caps

RO Correlated with what was said below about a prime broker in trouble

There were rumours in the Comments section that the Prime broker was Morgan Stanley???

Posted by Worzel [report]

Re PB - the name I am hearing is Morgan Stanley - not sure if I believe it!

BUT no other comments so may be nothing....

M21er

Edited: To add bold

Edited by M21er

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This also from MarketsLive

PM WE SHOULD GO STRAIGHT TO LIBOR

RO *DJ 3-Month Sterling Libor Fixed At 5.93188% Vs 5.84375% Thurs

PM aS bAZ NOTES BEFORE - LIBOR HAS ROCKETED

PM Sorry for the caps

RO Correlated with what was said below about a prime broker in trouble

There were rumours in the Comments section that the Prime broker was Morgan Stanley???

Posted by Worzel [report]

Re PB - the name I am hearing is Morgan Stanley - not sure if I believe it!

BUT no other comments so may be nothing....

M21er

Edited: To add bold

Why Morgan Stanley, I wonder....?

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Hmm I might start lending cash on the money markets at these levels. If I do a MM operation through my bank HSBC is there any protection in the event that they lend the cash to Bearsterns and I lose it all?

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Does anyone know of a link to live LIBOR?

Hi geevna,

They always mention LIBOR on the MarketsLive ( 11am - 12pm ) discussion on FT Alphaville - usually towards the end around say 11:50am

M21er

FT MarketsLive

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Hmm I might start lending cash on the money markets at these levels. If I do a MM operation through my bank HSBC is there any protection in the event that they lend the cash to Bearsterns and I lose it all?

tried zopa?

;)

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LIBOR Update - still increasing.....

From Ft AlphaVille MarketsLive Discussion

NH right, got a LIBOR fix for you money market junkies out there

NH 3-month sterling is 5.9800 vs 5.97250

NH no respite, sterling still ticking higher

NH but just look at the dollar libor

NH overnight fix is 2.64750%, vs 3.38125%

NH meanwhile 3-month dollar is 2.59875%, vs 2.54188%

PM hmmmm -- v v difficult to read the significance of that

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Ouch.

Any mortgages linked to libor?

Someone posted here, somewhere, that they had a LIBOR linked mortgage,

though how (and why???) they got it, I don't know.

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Oh yes, this time though no cutting at the BofE after all, they can't trust what the banks told them the LIBOR rate was; what with the last revelation. Still the MPC would be better concentrating on inflation. Like they are supposed to do.

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  • 293 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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