Much has been written about what the elimination of the London Interbank Operating Rate (LIBOR)—the global interest rate benchmark—will mean for the financial sector and the resulting need to reset interest rates on trillions of dollars of financial products. The transition away from LIBOR will also ... READ MORE >
Libor
Canary in a coal mine: What money market spreads tell us about risk
Money market spreads offer a real-time insight into the amount of risk being priced into interest-rate transactions and can provide real-time metrics of larger financial and economic challenges. The upset in financial markets over the past two days has caused a move in sensitive risk spreads ... READ MORE >