Libor gap spells no imminent end to credit crisis

07/29/2008 | Financial Times (free content)

Libor shows no sign of reconciling with overnight interest rates set by central banks, leading investors to worry that financials' share prices have yet to hit bottom. Before the credit crisis started last year, the Overnight Index Swap was about 15 basis points in the UK, the US and the euro zone; the British OIS is now about 67 basis points.

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