The robust steps taken by the Federal Reserve over the past two weeks to shore up the front end of the money markets are essential to the free flow of capital and global economic stability. We now anticipate that the Federal Reserve will cut the policy rate by 100 basis points to an effective rate of ... READ MORE >
Libor-OIS spread
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 >