LIBOR spread JAN-2008 to JAN-2009

LIBOR spread JAN-2008 to JAN-2009
Originally uploaded by manc_ill_kid

Not sure what it all means, other than up until September everything was quite flat and normal and predictable, tomorrow would be much like yesterday, but then September brought the end of the world or something.

One thing that can be noted from pre-September LIBOR behaviour is the way currencies tracked other currencies. The dollar and the Euro used to track each other, then in January-2008, the dollar started tracking the CHF instead (thats the Chinese Swiss currency, right?).

Anyhoo, in the light of recent financial disasters, it looks like your Japanese Yen is the most stable, its interbank lending rates have been rock bottom and haven't shifted as much as the other nations. If you want stability over risk, that's where to get your loans from, innit?