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Signs Of Limited Credit Thaw Emerge In Money Markets
Forbes Markets
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10-10-2008 5:43 PM
1111 views
tags:
credit crisis
,
money markets
,
interbank lending
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/cf43fe3c-3d48-4d9b-b4a9-a9b23e1b9806/AF89EC05-5FF7-4DEE-95FB-1A4B5DDCCB50/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.reuters.com/article/businessNews/idUSTRE4997WS20081010?feedType=nl&feedName=usdai" href="http://www.reuters.com/article/businessNews/idUSTRE4997WS20081010?feedType=nl&feedName=usdai" style="font-size: 11px;">www.reuters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/businessNews/idUSTRE4997WS20081010?feedType=nl&feedName=usdai"><P>LONDON/NEW YORK (Reuters) - Banks cut the rates they charge each other for overnight loans in U.S. dollars and euros on Friday, and the rate on one-day corporate IOUs eased from Thursday, providing tentative signs that some corners of the credit market are thawing.</P><SPAN id="midArticle_1"></SPAN> <P>Still, rates for longer interbank loans pushed higher again Friday, and the drop in overnight rates was not universal. The cost to borrow pounds sterling funds overnight jumped as dealers reported some U.K. banks faced a shortage of cash.</P><SPAN id="midArticle_2"></SPAN> <P>And even though overnight rates in some countries moved closer to central bank targets they remain well above where they were four weeks ago before the bankruptcy of investment bank Lehman Brothers locked up credit markets around the world.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/AF89EC05-5FF7-4DEE-95FB-1A4B5DDCCB50/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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