The cost of borrowing dollars for three months, a.k.a. Libor, jumps the most since 1999 as banks...

|By:, SA News Editor

The cost of borrowing dollars for three months, a.k.a. Libor, jumps the most since 1999 as banks hoard cash - spiking 19 BPs to 3.06%. Overnight dollars fall 1.41% to 5.03% after soaring 3.33% yesterday. "This is the second leg of the liquidity crisis."