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Soaring LIBOR Trickles Into Funding Markets Worldwide

Surge in U.S. dollar LIBOR is making funding more expensive for some borrowers outside the United States.

By Alexandra Harris & Liz Capo McCormick | Updated on March 21, 2018

From Riyadh to Sydney, short-term funding markets worldwide are starting to feel the effects of soaring U.S. dollar LIBOR rates.

The surge in recent weeks in this key global short-term financing indicator may have a mostly technical explanation, meaning it’s probably not flashing warning signals like it was during the credit crunch or the European sovereign debt crisis. Nonetheless, it’s still making funding more costly for some borrowers outside the United States.

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