Libor limbo: how low can the cost of funding go?
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Libor limbo: how low can the cost of funding go?

Eye-wateringly tight swap spread levels and ultra-low yields look like they might be about to threaten what has turned out to be a golden age for the best SSA credits. As the US struggles with its fiscal cliff and the European sovereign crisis rumbles on, Ralph Sinclair assesses what lies in store for top-rated borrowers.

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