日本語
Español
中文
Русский 
NEW YORK NEW YORK, Sept 30 (Reuters) - The key lending rate between U.S. banks skyrocketed on Tuesday with other market interest rates after a surprise defeat of a $700 billion bank bailout plan caused a further drop in global credit availability.
The interest rate on federal funds, or supply of surplus reserves that banks lend to each other overnight, opened at 7 percent, well above the current 2 percent target rate set by the Federal Reserve.
The effective or average rate on fed funds was 1.56 percent on Monday after trading between 0.01 percent and 3.00 percent, according to the New York Fed.
In other bank lending, the London interbank offered rate (Libor) on overnight dollar funds jumped by a record 430 basis points to 6.87 percent, the highest in at least 7-1/2 years, according to Reuters data. For more, see
(Reporting by Richard Leong; Editing by James Dalgleish) Keywords: MARKETS FEDFUNDS
Chuck Mikolajczak
cm
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Breaking Forex News
BOE: Credit, Asset Prices Could Guide Macroprudential Rules
Dow Jones | Sat, Nov 21 2009, 00:21 GMT
Wall Street ends Friday in negative; Dollar with gains
FXstreet.com | Fri, Nov 20 2009, 22:14 GMT
2nd UPDATE: Cigna 'Going Global' As Part Of Repositioning
Dow Jones | Fri, Nov 20 2009, 22:06 GMT
Argentina Bonds Ease Amid Confirmation Of Dec Or Jan Swap
Dow Jones | Fri, Nov 20 2009, 21:41 GMT
Peru's Main Stock Indexes End Mixed; Sol Weakens Slightly
Dow Jones | Fri, Nov 20 2009, 21:36 GMT
Latest Updated Reports
The Trading Week - The Trading Week: Nov. 23 - Nov. 27 by AllThingsForex
Sat, Nov 21 2009, 16:33 GMT
Gold Weekly Technical Outlook by Oil N' Gold
Sat, Nov 21 2009, 08:19 GMT
Long Term Forex Analysis - USDCHF is in range trading between 1.0032 and 1.0337 by ForexCycle.com
Sat, Nov 21 2009, 05:11 GMT
Forex Technical Report - S&P and NASDAQ Post Weekly Reversal Tops by ForexHound.com
Sat, Nov 21 2009, 00:02 GMT
Forex Technical Report - Dollar Closes Higher for Week against a Basket of Currencies by ForexHound.com
Fri, Nov 20 2009, 23:59 GMT
