It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 10/30/08, are: 1 Month Libor Rate - 2.85% & 3 Month Libor Rate - 3.19%. The overnight Libor rate is 0.73%.
If you compare these Libor rates to yesterdays libor rates, they have fallen significantly! These Libor rates were just priced at 7:45am Est and stocks reacted positively. Here are Bill Gross's comments on Libor this week. The GDP number comes out at 8:30am Est so this could damper the positive news.
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