May 13, 2010
According to Prospects for Development‘s most recent post, GDP for the Euro region increased by 0.2 percent in the first quarter of 2010. Meanwhile, the spread between dollar LIBOR and the Overnight Indexed Swap (OIS) widened again today, the highest level since August 21st. As we mentioned earlier this week on Bondsquawk, the spread is an indication of bank lending to each other and may signal trouble for the finance sector.
Here’s more highlights to their latest post:
- Dollar money-market rates to highest levels since August
- Euro-Area GDP surprises to upside in first quarter 2010
- U.S. trade deficit widens on oil bill
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Posted by Rom on 