US swap spreads widen, three-month Libor rises as risk aversion spreads By Reuters – Investing.com

US swap spreads widen, three-month Libor rises as risk aversion spreads By Reuters – Investing.com

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) - Spreads on 10-year U.S. interest rate swaps over Treasuries hit their widest in more than six months due in part to worries about the potential fallout of Chinese property group Evergrande's financial troubles to the global economy.

In another sign of concern brewing in money markets, analysts cited three-month Libor, which rose to 12.5 basis points, a four-week peak, according to Refinitiv data, which may reflect some stress in the banking system.