SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 451.89+1.9%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bart13 who wrote (85153)12/28/2011 3:32:05 PM
From: pater tenebrarum5 Recommendations  Read Replies (3) of 219616
 
Bart, I would note though that EONIA is per se not a good indicator of interbank lending stress. Euro FRA-OIS and euro basis swaps are more indicative of what is happening.

bloomberg.com

bloomberg.com

Both show that funding stresses have been relieved a little bit since the ECB's LTRO, but remain high (year end is always demanding for bank liquidity, as balance sheets need to be prepped to look better than they are).
That said, I for one would not underestimate the inflationary effects of the ECB's latest measures. ECB balance sheet growth over the past year is 36% and the last month annualized comes to 100%.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext