Three month Libor dives 10bps to 1.16% - the steepest decline in almost a month. Libor has been...

|By:, SA News Editor
Three month Libor dives 10bps to 1.16% - the steepest decline in almost a month. Libor has been declining steadily, but not at a speed that convinced strategists of a definitive change in credit markets. "It finally gives an indication of movement among risky asset classes."