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Libor–OIS Spread Set To Widen Further As Beat Bites

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Rupert Hargreaves
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Three-month Libor reached 2.29% Friday, its highest since 2008, lifting the spread between the London interbank offered rate for dollars over the overnight indexed swap rate (which is known as Libor--OIS) to 0.58 percentage point from 0.10% just four months ago.

The spread between Libor--OIS is a popular gauge of stress in the banking system because...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha