LIBOR still dropping...

inspector_monkfish

LIBORs 15th June

3mth 1.25188
6mth 1.47125
12mth 1.75125

all tiny lower

inspector_monkfish

LIBORs 16th June

3mth 1.25188 (unchanged)
6mth 1.47250 (tiny higher)
12mth 1.75250 (tiny higher)

MACDONALDO67

This is good info. Which site did you log on for this please Inspector?

Cozworth806

inspector_monkfish wrote: »

think they were stringing you along

if BBA LIBOR continues to fall, chances are so will Abbey's !

Think he will be glad he did fix when he did and not take your inside knowledge of future Abbey rates seriously.

10 year swap rates have increased from 3.62% over the last 6 months to currently be around 4.25%.

inspector_monkfish

Cozworth806 wrote: »

Think he will be glad he did fix when he did and not take your inside knowledge of future Abbey rates seriously.

10 year swap rates have increased from 3.62% over the last 6 months to currently be around 4.25%.

he was talking about Abbeys own LIBOR rates, nothing to do with Swaps !!

inspector_monkfish

LIBORs 17th June

3mth 1.25063 (tiny lower)
6mth 1.47250 (unchanged)
12mth 1.75125 (tiny lower)

MACDONALDO67

Cozworth806 wrote: »

Think he will be glad he did fix when he did and not take your inside knowledge of future Abbey rates seriously.

10 year swap rates have increased from 3.62% over the last 6 months to currently be around 4.25%.

It's the gamble isn't it. Fixed at 5.49% for 5 years.

Now you watch, rates will stick well below 5.49% until then and when I come to the end of my deal in 5 years time they will start rising above it.

Just my luck.:eek:

inspector_monkfish

LIBORs 18th June

3mt 1.25188 (tiny higher)
6mth 1.47250 (unchanged)
12mth 1.7450 (just over half a point lower)

inspector_monkfish

MACDONALDO67 wrote: »

This is good info. Which site did you log on for this please Inspector?

its not a site
just rolling news and info updates on my screens at work
i work on a trading floor for a London Bank

inspector_monkfish

17:03 18Jun09 -BBA to let non-London banks participate in Libor

LONDON, June 18 - The British Bankers' Association
said on Thursday it will change its definition of the London
Interbank offered rate (Libor) to allow a greater number of
institutions to participate in the daily rate fixing process.

Libor rates represent the average cost at which a panel of
banks believe they can borrow funds for various periods of time
in various currencies.

Currently the definition refers to rates formed in London.
The amendment, to be announced and implemented by the BBA on
Friday, will allow the submission of rates from banks
participating in the London market but without a physical base
in the city.

The change will allow the BBA to expand the number of banks
contributing to its fixing panels and will also mean that banks
that are for example, ceasing London operations, can continue to
contribute, the BBA said.