BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[The credit crisis continues to spread]]>http://www.bloggingstocks.com/2007/09/05/the-credit-crisis-continues-to-spread/http://www.bloggingstocks.com/2007/09/05/the-credit-crisis-continues-to-spread/http://www.bloggingstocks.com/2007/09/05/the-credit-crisis-continues-to-spread/#commentsFiled under: , , ,

This morning brings fresh worries over the health of global credit markets.

In Europe, corporate bond spreads widened and share prices were under pressure as overnight deposit rates for euros rose to a six-year high, according to Bloomberg, "prompting calls for the European Central Bank to supply more cash."

A Wall Street Journal (subscription required) report, "Why Libor Defies Gravity," noted that the London interbank offered rate, "an important benchmark for everything from adjustable-rate mortgages in the U.S. to giant floating-rate bank loans taken out by global corporations," has moved higher in recent weeks, despite efforts by central bankers to keep a lid on short-term interest rates.

Continue reading The credit crisis continues to spread

The credit crisis continues to spread originally appeared on BloggingStocks on Wed, 05 Sep 2007 10:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bond spreadscommercial papercredit crunchCreditCruncheconomyEuropean Central BankfeaturedFederal ReserveFederalReservehousing bubbleLiborsubprime financeThe FedTheFedWed, 05 Sep 2007 10:00:00 EST