G-20 proposals fail to lift interbank confidence

The biggest movement was in the three-month markets, where dollar borrowing rates rose 0.15 percentage points from 2.24% on Friday, November 14 to 2.39% today. Three-month sterling Libor fell from 4.18% to 4.15% and three-month Euro borrowing rates fell from 4.22% to 4.19%.

In the overnight markets, dollar Libor and Euro Libor both declined from 0.41% to 0.4%, and 3.05% to 3.01% respectively. Overnight sterling rates remained at 3% from Friday November 14.

The Ted spread, a measure of perceived co

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