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LIBOR Converging With CD Rates; CD Transparency Proves Useful

Tuesday, October 30, 2012 - 4:50 AM
It's interesting to see this connection between the LIBOR controversy and CD rates. Below is an excerpt from the economics blog Sober Look:
It looks increasingly likely that going forward the dollar LIBOR curve will be set based on term deposit rates (discussed here). There simply is not enough term (longer than one week) interbank unsecured lending to determine LIBOR without the risk of potential manipulation (or perception of manipulation).

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Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
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