But by the close of the New York cash market yesterday, investors had recouped about $18.13 of that.
Credit market activity was subdued because the New York cash market for Treasury securities was closed for the Columbus Day holiday.
Yesterday the Libor rate was 8.25 percent by the close of the New York cash market.
Activity in the credit markets was subdued because the New York cash market for Treasury securities was closed.
By the close on the New York cash market, the offered price was at 10112/32 , up 11/32 , or about $10.33 for each $1,000 of bonds held.
The New York cash market in United States Government securities was closed.
According to traders, at the close of the New York cash market on Friday, the rate on the outstanding three-month bill was 1.50 percent.
By the close of the New York cash market on Friday, traders said, the rate on both the outstanding three-month and six-month bills was 5.17 percent.
But the market fell back near the close of the New York cash market.
At the close of the New York cash market on Friday, the rate on the outstanding three-month bill was 2.99 percent.
But by the close of the New York cash market yesterday, investors had recouped about $18.13 of that.
Credit market activity was subdued because the New York cash market for Treasury securities was closed for the Columbus Day holiday.
Yesterday the Libor rate was 8.25 percent by the close of the New York cash market.
Activity in the credit markets was subdued because the New York cash market for Treasury securities was closed.
By the close on the New York cash market, the offered price was at 10112/32 , up 11/32 , or about $10.33 for each $1,000 of bonds held.
The New York cash market in United States Government securities was closed.
According to traders, at the close of the New York cash market on Friday, the rate on the outstanding three-month bill was 1.50 percent.
By the close of the New York cash market on Friday, traders said, the rate on both the outstanding three-month and six-month bills was 5.17 percent.
But the market fell back near the close of the New York cash market.
At the close of the New York cash market on Friday, the rate on the outstanding three-month bill was 2.99 percent.