Ander's Market Theories

[AnderL]

Short-term borrowing rates rise, overnight dollar rate falls
By William L. Watts

finally some good news. it isn't gettign talked about much... hmmm. we might get a gap down and bottom today.

Last update: 6:53 a.m. EDT Oct. 10, 2008
LONDON (MarketWatch) -- The cost of borrowing dollars overnight fell sharply Friday, but a key three-month rate continued to rise amid chronic tightness in global money markets. The London interbank offered rate, or Libor, for overnight dollar loans tumbled to 2.46875% from 5.09375% Thursday, news reports said. But three-month dollar Libor rose to 4.81875% from 4.75% on Thursday.