Libor Collapses Most Since 2008

Libor Collapses Most Since 2008

Markets have gone stark-raving mad on Friday in anticipation of either a viral apocalypse, a coordinated central bank response to recent turmoil, or both. Although the headlines are understandably dominated by the dramatic moves in equities, rates have gone crazy attempting to price in the Fed's reaction to recent events. That, despite officials' increasingly belabored efforts to play down those expectations. Yields collapsed across the curve Friday, with easing bets showing up all over the pla
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