The 3-Month Libor vs. Euribor spread is at its highest level since 1999! Crude crashed yesterday, Crypto crashed today — maybe it is a sign that liquidity in global markets is very thin.
The 3-Month Libor vs. Euribor spread is at its highest level since 1999! Is the ECB about to start tightening or the Fed about to stop? Either way, unless “this time is different”, such policy changes from similar extremes is …