Business Services Industry

www.ONN.tv Interviews Jim Iuorio on LIBOR Credit Spreads and Currencies

Business Wire, Oct 1, 2008

CHICAGO -- In www.ONN.tv's (http://www.onn.tv) Wednesday morning edition of "Yield Curve Update," host Kevin Cook spoke with Jim Iuorio of TJM Institutional Services about LIBOR credit spreads and why banks are hoarding cash. Iuorio explained why short-term U.S. Treasury securities and gold are favored right now with the credit markets under siege.

Cook and Iuorio also looked at the possible flight to dollars as the Euro currency broke below 1.40 minutes before their discussion on the CME trading floor. This prompted further discussion between the two about the prospects for an interest-rate cut by the European Central Bank on Thursday and why the "single-mandate" ECB may have their hands tied even as Euro-zone economic growth slows.

The report can be found on the Mark2Market channel under the "Yield Curve Update" tab at www.ONN.tv, or directly through this link: http://link.brightcove.com/services/link/bcpid1697139148/bclid18158279 59/bctid1828663214

(Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field. You may also need to remove an extra space in the URL if one exists.)

Mark2Market programming is exclusively sponsored by Mirus Futures.

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COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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