Interbank spread

Interbank spread

The difference between a bank's offer and bid rates for deposits in the Eurocurrency market.
References in periodicals archive ?
The interbank spread has drifted back down to levels not seen since October, and Italian, Spanish and Irish 10-year benchmark bonds are flirting (positively) with 6%, 5% and 7% yields respectively.
It will deal with No-dealing desk (NDD) executions, lowest interbank spreads on Forex Trading, commodities, indices,CFD stocks and with no limits on the size of orders.
Since the first largescale LTRO in December, Euro area interbank spreads have fallen in a straight line, from more than 100bp to around 55bp as we write, a level last seen back in early August.
As the debt crisis in Europe is expected to constrain liquidity in the region, Norges Bank will impose a quota on bank reserves, which is expected to force lenders to depend on each other for funds, thereby reducing interbank spreads.
However, during the financial crisis of 2007-09, interbank spreads increased markedly, and lending through the interbank market declined.
Credit spreads have widened out and interbank spreads are the widest that they have been at any time in the last 12 months.
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GAIN Capital, founded in October 1999, began live trading in May 2000 to offer institutional and individual investors direct access to 24-hour, commission-free Forex trading at Interbank spreads.
The ECB's support for euro area money markets, with another potentially huge second tranche still to come in late February, seems to be capping the interbank spreads that gauge banking stress.
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GAIN Capital, founded in 1999, offers institutional and individual investors direct access to 24-hour, commission-free Forex trading at Interbank spreads.