We live in interesting times. The ECB funding rate, Euribor, for 3 month terms has gone below zero % for the first time…. As the US prepares for funding rates to actually rise we thought it interesting to view the history of 3 month Euribor rates to capture how amazingly low funding rates have fallen but also to understand the risks if rates reversed to more “normal” levels. Here’s a chart of 3 month Euribor and feel free to pick your “normal”….
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