Libor Falls Below 1% For The First Time

Kellerhals, Richard
May 2009
High Yield Report;5/11/2009, Vol. 20 Issue 19, p9
The article reports on the decline in the three-month London interbank offered rate (Libor) in May 2009. Libor has fallen below 1% for the first time since its 1984 creation. This Libor rate is also set by the British Bankers Association in London, England and determines the borrowing cost for a wide range of investment vehicles.


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