Overnight Libor jumps 157 BPs to 3.94%. Euribor +22 BPs to 4.27%. "The seizure in global credit...

|By:, SA News Editor

Overnight Libor jumps 157 BPs to 3.94%. Euribor +22 BPs to 4.27%. "The seizure in global credit markets is deepening on speculation central bank attempts to revive lending between financial institutions won't work."