Authors
Edge Capital Research Team
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Summary
Money market reform has caused a significant shift in buyer demand for short-term capital. As a result,
funding costs for banks has increased as reflected by Libor. What is Libor? Libor (London Interbank Offering Rate) is a global short-term borrowing benchmark rate used as a reference rate in over $350 trillion of financial products. US Dollar Libor is the rate at which 17 large global banks in London would be willing to lend U.S. dollar deposits to each other.
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