3 Reasons for the Rising LIBOR

The London Interbank Offered Rate (LIBOR) is the average interbank interest rate at which a selection of banks on the London money market are prepared to lend to one another, and are offered in seven maturities (from overnight to 12 months) and in five different currencies.

Related: 3 Bond ETFs to Position for Higher Interest Rates

Over the last five years, the LIBOR has been experiencing an exponential rise as evidenced in the 3-month LIBOR chart below:

Global Market Strategist Alex Dryden gave his three reasons as to why the LIBOR has been rising in 2018 and how its rise is impacting the global fixed income market.

Click below to watch the full video:

For more trends in fixed income, visit the Fixed Income Channel.