Results for LIBOR
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Oil Prices Surge and Dollar Gains Extended Post Withdrawal Announcement

May 09, 2018
The US dollar is broadly higher as the 10-year yield probes above 3.0%.  Disappointing French industrial production and manufacturing data for March provided additional incentive, as if it were needed, to extend the euro's losses.  The euro dipped below $1.1825.  The single currency is off a cent this week after falling nearly two last week.  …
Oil Prices Surge and Dollar Gains Extended Post Withdrawal Announcement Oil Prices Surge and Dollar Gains Extended Post Withdrawal Announcement Reviewed by Marc Chandler on May 09, 2018 Rating: 5
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Three Developments Shaping Month-End

March 28, 2018
Today may be the last day of full liquidity until next Tuesday, after the Easter holidays.  We identify three developments that are characterizing the end of the month, quarter, and for some countries and companies, the fiscal year.  Equity market sell-off, bond market rally, and the continued rise in LIBOR.  
The sell-off in stocks at the end of l…
Three Developments Shaping Month-End Three Developments Shaping Month-End Reviewed by Marc Chandler on March 28, 2018 Rating: 5
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The Investment Climate

March 25, 2018
The investment meme of a synchronized global upturn has been undermined by the recent string of US and European economic data.  The flash March eurozone composite reading fell to 55.3, the lowest reading since January 2017.  Although Q4 17 US GDP may be revised higher (toward 2.8% from 2.5%) mostly due to greater inventory accumulation, the curse …
The Investment Climate The Investment Climate Reviewed by Marc Chandler on March 25, 2018 Rating: 5
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The Future is Coming (Wonkish, but Short): LIBOR Alternative

March 01, 2018
Since the Great Financial Crisis, officials in the US and Europe have been moving to find an alternative to LIBOR.  The London Inter-Bank Offered Rate is an important benchmark for trillions of dollars of contracts.  The problem is that it was rigged and some argue there may be a better and more representative rate.  
Although the Trump Administrat…
The Future is Coming (Wonkish, but Short): LIBOR Alternative The Future is Coming (Wonkish, but Short): LIBOR Alternative Reviewed by Marc Chandler on March 01, 2018 Rating: 5
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LIBOR Alternatives Taking Shape

May 24, 2016
Since the LIBOR scandal erupted, US officials have been working toward an alternative benchmark.  In 2014, the Fed set up a working committee that includes more than a dozen large banks and regulators   Before the weekend the committee (Alternative Reference Rates Committee) proposed two possible replacements for LIBOR.  
There reportedly was some …
LIBOR Alternatives Taking Shape LIBOR Alternatives Taking Shape Reviewed by Marc Chandler on May 24, 2016 Rating: 5
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