London Interbank Offering Rate aka LIBOR is a floating rate benchmark that generally reflects short term interest rates. It is a rate that banks use to loan to each other and benchmark for various instruments such as floating rate loans.
Asleep for some time… it has awakened…
Coming soon ….. a money market reform …. that may be causing this… or Could rates be on the move?
Have a great Friday and a higher Libor Weekend!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com