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Market Facts — April 9, 2008

Expected 3-Month LIBOR Rising While the spread between the three-month LIBOR set-for-tomorrow swap and effective federal funds is re-normalizing, the high realized volatility of effective federal funds indicates continued high levels of market stress.

Open Expected 3-Month LIBOR Rising
While the spread between the three-month LIBOR set-for-tomorrow swap and effective federal funds is re-normalizing, the high realized volatility of effective federal funds indicates continued high levels of market stress.