Levels now exceed Lehman 2008 levels.
The gist: acute concern about the solvency of LIBOR centric banks.
Sunday, November 20, 2011
Widening LIBOR Spreads
Credit default swap (CDS) spreads have been widening in the LIBOR market. The gray line below constitutes CDS spreads of banks participating in the interbank lending markets.
Levels now exceed Lehman 2008 levels.
The gist: acute concern about the solvency of LIBOR centric banks.
Levels now exceed Lehman 2008 levels.
The gist: acute concern about the solvency of LIBOR centric banks.
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