The Trader 

Market Outlook: US yield curve flattens

The Trader

CNBC is reporting that the US dollar Libor rate for 12-month money was offered at 2.7 per cent.  This compares to 2.36 per cent on 2-year Treasury notes last week and 2.74 per cent on 10-year TNotes yesterday. Therefore banks operating in US dollars anywhere cannot fund themselves via the money market, park it in Treasuries, and earn their keep.

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