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U.S. LIBOR breaks above 1 percent for first time since 2009
By Richard Leong and Dan Burns
Reuters
Wednesday, January 4, 2017
The rate banks charge each other to borrow dollars for three months rose above 1 percent today for the first time since May 2009 as global interest rates extend their climb on expectations of accelerating growth and inflation.
The London interbank offered rate, or LIBOR, for three-month dollars was fixed at 1.00511 percent, the highest level since 1.00688 percent on May 1, 2009, which was also the last date the rate topped 1 percent. ...
... For the remainder of the report:
http://www.reuters.com/article/us-usa-moneymarkets-idUSKBN14O1GC
We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth
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