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Wednesday, 23 April 2008

News ...

Interest-rate derivatives are signaling that the rate banks charge for loans in dollars in London may rise further as financial institutions remain reluctant to lend. Given the dynamics that have persisted in the past few weeks, it looks like there could be a little bit more room for an increase in Libor- Three-month Libor for dollars has advanced 20 basis points to 2.92% since April 16.

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