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The analysts pointed to a small but significant rise in interbank rates like Libor and in cross-currency basis swaps, which companies use to borrow in different currencies.
In the current situation, the bank is aiding Greece by accepting Greek bonds as collateral that banks in Greece can use to borrow money.
Currently Treasuries represent roughly 30% of the collateral that financial institutions such as investment banks use to borrow in the $4 trillion repurchase ("repo") market.
The gap between the three-month dollar London Interbank-Offered Rate (which banks use to borrow from each other) and the federal funds rate has reached half a percentage point, higher than it was in the summer.
They are more than 30% of the collateral that financial institutions such as investment banks use to borrow in the $2 trillion "tri-party repo" market, a source of overnight funding.
Last week, the European Central Bank confirmed that some Greek banks had been cut off from normal access to central bank funds and had been switched to a program known as Emergency Liquidity Assistance, aimed at helping banks that have run out of collateral that they can use to borrow from the central bank.
Similar(48)
(The organization used to borrow space at Lincoln Center).
They can't borrow as much as they used to borrow".
Also, something truly valuable can be used to borrow against, to secure a line of credit".
Mick used to borrow money and forget to pay it back.
Before that, I used to borrow Luella Bartley's beige Prada shoes.
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