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ted spread
’A squeeze defreeze
Krrrrr, Krr, Krr, Krr-chunk… and splosh. Or, the crumbling sound of thawing ice as it detaches itself from the Arctic shelf.
That, at least, is the best way we can describe the sound coming from the Bloomberg machine’s Libor-OIS spread page:
“The Lehman Brothers bankruptcy is fading into history”
Bloomberg appears to be a paid-up member of the green shoots brigade, if recent stories are any indication. On Monday, the newswire ran a piece trumpeting bond traders’ belief that the memory of Lehman’s collapse was no longer cause for angst: