![]() ![]() ![]() It also gives you a snapshot of how the market is viewing credit conditions overall. This in plain English indicates how expensive (or cheap) it will be for banks to borrow in the future. The FRA-OIS indicator has risen quite rapidly over the last two weeks. There is a lot of liquidity stress in the interbank lending market. Market conditions are tough for banks (especially Credit Suisse). What’s happening with Credit Suisse? I got a lot of questions about this over the weekend. ![]()
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