BizJournals Portfolio
Oct 09 2008 1:41pm EDT

Chart of the Day: Fun With Perspective

It was a little more than a year ago when the Libor-OIS spread blew open from its typical spread of 8 to 10 basis points to 100 basis points:

perspectiveLIBOR.gifIt was quite a dramatic jump which indicated that interbank lending was drying up, prompting the Fed and other central banks to introduce measures like the Term Auction Facility to bring down the spread.

And here is how that jump looks in comparison to everything that followed:

perspectiveLIBOR2.gifYou'd almost think that Aug '07 to Sep '08 was peaceful.


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