SIBOR SOR rates at 11am Daily

[DC33_2008]

SOR has gone up and SIBOR has come down.

SIBOR Rates – 10 April 2013


SIBORSOR1 Month0.305830.205312 Month0.357830.247563 Month0.371670.281046 Month0.435830.407489 Month0.500000.5435812 Month0.561250.67754

[Ringo33]

SOR has gone up and SIBOR has come down.

SIBOR Rates – 10 April 2013


SIBORSOR1 Month0.305830.205312 Month0.357830.247563 Month0.371670.281046 Month0.435830.407489 Month0.500000.5435812 Month0.561250.67754

this was before yesterday Ben announcement. I presume.

[Ilikeu]

when interest rates are falling, i would put in 1year FD, instead of 1 month FD.
when interest rates are rising, i would put in 1 month FD instead of 1 year FD.

similarly for mortgages, rates will rise. i would put in a 3M,6M or even 12M sor/sibor rate, not 1M.
you need to see the average difference between 3M, 6M, and 12M.
this you must ask AMK or whoever with access to 1M, 3M, 6M, 12M SOR/SIBOR.

for example if 3M and 12M difference is 0.2%, I would use 12M rate because i expect interest rate to increase around 1% per year.

isn't 5 year fixed rate only 2.5% (include spread)? your yield curve very steep to expect increase 1% per year... wow...

[hopeful]

isn't 5 year fixed rate only 2.5% (include spread)? your yield curve very steep to expect increase 1% per year... wow...

dont listen to me, i am a pessimist, read too much TEOTWAWKI.
but he who panic first panic bestest.

[Ilikeu]

dont listen to me, i am a pessimist, read too much TEOTWAWKI.
but he who panic first panic bestest.

ohh... "hopeful" = pessimist... lol.

[DC33_2008]

3 mth SOR has gone up till 0.26xx in less than 2 weeks from 0.20.

[starrynight]

Proposal re LIBOR:
LONDON: A dual-track system combining survey-based rates and objective data is set to replace key global interest rate Libor, the Financial Times reported on Monday.

Martin Wheatley, the British regulator leading attempts to reform the scandal-hit interest rate system, told the FT that the new scheme would protect those with products already tied into the existing system.

"You can't just say: 'Forget about yesterday's problems, we'll just move to the future'," he said.

"If you change the definition, it's almost certain that one side of every one of those trades would lose out and then would say: 'We're no longer bound by this'," he added.

Barclays, Royal Bank of Scotland and UBS have paid over $2 billion to settle allegations they manipulated Libor to their advantage or hide their financial strains during the 2008 credit crunch.

Libor, or London Interbank Offered Rate, is a flagship instrument used all over the world, affecting what banks, businesses and individuals pay to borrow money.

Libor is calculated daily, using estimates from banks of their own interbank rates, and affects the pricing of more than $300 trillion of contracts across the world, according to regulators.



- AFP/xq