LIBOR still dropping...

inspector_monkfish

Swap Rates

http://www.swap-rates.com/UKSwap_extended.html

crispy2_2

5 YEAR RATES 25th June
Swap 3.66
Gilt 2.52

Gilts are now almost 0.5% lower than their peak on 11th June. Swaps are only 0.17% lower, which is interesting as you would normally expect swaps to track gilts quite closely.

Here is my latest chart:



Data thanks to FT.com and Inspector Monkfish

inspector_monkfish

meanwhile, LIBOrs continue to fall...


LIBORs 26th June

3mth 1.20
6mth 1.41625
12mth 1.70

inspector_monkfish

LIBORs 29th June

3mth 1.19125 (down 1pt)
6mth 1.40875 (down 1pt)
12mth 1.6950 (down half a point)

inspector_monkfish

here are some interesting figures

last BOE rate cut was 5th March from 1.00 to 0.50pct

taking things from the next day (6th March), so the new rate cut can be taken into account.....

1mth libor has fallen from 1.27 to 0.65375 (62 basis points)
2mth libor has fallen from 1.73625 to 0.9875 (75bp)
3mth libor has fallen from 1.95063 to 1.19125 (76bp)
6mth libor has fallen from 2.14375 to 1.40875 (74bp)
9mth libor has fallen from 2.24313 to 1.56 (68bp)
12mth libor has fallen from 2.30875 to 1.695 (61bp)


LIBOR is a means of funding for many corporate loans, as well as interbank lending, so many companies are benefiting from these ultra low rates

Charlton_King

inspector_monkfish wrote: »

here are some interesting figures

last BOE rate cut was 5th March from 1.00 to 0.50pct

taking things from the next day (6th March), so the new rate cut can be taken into account.....

1mth libor has fallen from 1.27 to 0.65375 (62 basis points)
2mth libor has fallen from 1.73625 to 0.9875 (75bp)
3mth libor has fallen from 1.95063 to 1.19125 (76bp)
6mth libor has fallen from 2.14375 to 1.40875 (74bp)
9mth libor has fallen from 2.24313 to 1.56 (68bp)
12mth libor has fallen from 2.30875 to 1.695 (61bp)


LIBOR is a means of funding for many corporate loans, as well as interbank lending, so many companies are benefiting from these ultra low rates

Tell that to the lenders who are busily raising fixed rate mortgage rates. Or would they already know, by any remote chance..?

inspector_monkfish

Charlton_King wrote: »

Tell that to the lenders who are busily raising fixed rate mortgage rates. Or would they already know, by any remote chance..?

shysters aren't they !!

inspector_monkfish

LIBORs 30th June

3mth 1.18625
6mth 1.40688
12mth 1.69875

all down about half a point

inspector_monkfish

LIBORs 1st July

3mth 1.1775 (down 0.9pts)
6mth 1.40 (down 0.7pts)
12mth 1.6925 (down 0.7pts)

inspector_monkfish

LIBORs 2nd July

3mth 1.1615
6mth 1.39063
12mth 1.6825

all down another point...