DJ MARKET TALK: Futures See Libor Stress On Greek Default Fears
MF-Dow Jones - 09/09/2011 15:25:58
9:25 (Dow Jones)
Heightened speculation that Greece is on the brink of default triggers a selloff of December Eurodollar futures as traders worry that banks are fearing exposure to bad debt will tighten interbank credit. The contract recently saw 3-month dollar Libor reaching 0.545% at Dec. 19's expiration, up from 0.51% at Thursday's settlement.