The London interbank offered rate, or Libor, that banks charge each other for three-month loans in dollars fell 5 basis points today to 3.42 percent, its 13th straight decline, according to the British Bankers' Association.
Bloomberg reports this news but TED spread has increased because of 3-months treasusary yield has declined. 10 year treasury yield 3.82% right now. I see traders' expecting that Fed might cut the Fed Funds rate by 75 bps today.
I see oil prices rebound after 17-months low and VIX up to 69.77 right now. Dow is unstable today and waiting for Fed rate decision.
Its time to wait and see...
About Me
- Dincer Keskinpala
- I am a trader on global markets. Also watching emerging markets and following everything about macroeconomy. I am also interested in all kind of business.
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