Libor: 6.88%

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Market Movers

by Ryan Avent

Main

Extra Credit, Monday Edition When Regulation Works

Sep 30 2008 9:12AM EDT

Are you in any way reassured by the dead cat bouce in various global stock markets? Don't be. This is a credit crisis, remember, not a stock-market crisis: the impact on stocks is just collateral damage. And this morning, overnight Libor was fixed at 6.88%, up from just 2.57% on Monday.

OK, that's the most dramatic datapoint. Three-month Libor rose much less, to 4.05% from 3.88%. But it's still ultra-high. And TED? 351bp. The credit markets are not happy, no matter what might be going on with stocks.

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Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Hemscott. Economic data provided by Econoday. News provided by Comtex. Sec Filings data provided by Edgars. The Wall Street Horizon National Consumer Interest Rate Survey. ©2009 Wall Street Horizon. PMMS Mortgage Data ©2009 Freddie Mac. Mortgage averages are for conforming mortgages with 20% down.

Libor: 6.88%

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