SIBOR
Sibor and SOR hits new low
At the closing of this week, the 3 month and 6 month SOR fell to an eye-popping 0.68% and 0.74% respectively, the lowest levels since i started tracking, while the 3 month Sibor tumbled to 0.81%. The fall in the 6 month SOR is especially noteworthy, as it convincingly fell below 1%. This could possibly be taken as a signal that SOR will remain subdued for the next 6 months.
Sibor and SOR holds below 0.9%
Sibor and SOR rates seem to be consolidating and staying low this week, both (3-month rates) maintaining below 0.9% consecutively for the last 3 days. There is perhaps a lack of driver, with Libor rates (3m USD) hovering around 2.15% – 2.30% and USD/SGD exchange rates holding at 1.53 for now. News of impending Fed Funds Rate cut, possibly to 0.5%, might just help to keep Sibor and SOR below 1% for the months ahead.
SIBOR and SOR touches lows
This week, Sibor fell to 0.89 percent, not far from the all-time low of 0.69 percent recorded on Nov 21, 2003. The 3m and 6m SOR touched lows of 0.78 and 0.94 respectively. Coupled with the expected weakness in the currency, the interest rates here will likely stay low for some time as anticipated. Good news for SIBOR or SOR pegged mortgagers.
SIBOR and SOR still volatile
Continuing the wild ride of the past few weeks, SOR began the week at 1%, soaring to 2.11% mid-week and finishing the week at 1.63%. SIBOR was slightly less volatile, ranging between 1.38% and 1.63%.
SIBOR and SOR Jump
There has been a lot of volatility in the SOR and SIBOR the past few days, reacting to the jump in LIBOR as people are “afraid to lend to one another”. The 3 month SOR has broken through the previous high of 1.63 to hit 1.7, since i started tracking it in April.