I don’t have a economic background… but was wondering why the Euro LIBOR went down in tandem with the global rate cuts… but the Dollar LIBOR reacted the exact opposite. It went higher (and thus a higher spread). Thanks
As pointed out on other threads - the US rate cut was anticipated so already priced in. I guess the Euro rate cut was not as anticipated, though I don’t know how to make a case as pure as Fed Funds futures for Euro rates.