U.S. interbank lending rates are slightly higher on Wednesday, if not unchanged from Tuesday's figures, but with the holiday season in full swing, traders warns that any seemingly unusual movements are not unusual.
Overnight USD Libor edged up another 3 bps to 0.15% on Wednesday, adding to the 1 bp gain to 0.14% on Tuesday, while the three-month libor held relatively unchanged for the second day running at 1.47%.
The Libor/OIS spread widened 1 bp to 127 bps, the first gain in some time.
Elsewhere, the Canadian dollar Libor is flat at 1.80%, while the three-month Libor is down 6.67 bps to 2.23%.
The Euro Libor is up 6.25 bps to 2.18%, while the three-month Libor is down 2.44 bps to 2.99%.
The Sterling Libor is flat at 2.00%, while the three-month Libor is down 3.00 bps to 2.87%.
By Erik Kevin Franco and edited by Nancy Girgis
©CEP News Ltd. 2008