Record gap between US1M and US3M IRRs

GAP

While the US 3 month IRR has recovered all after the SVB effect … it is striking that the 1M IRR has continued to fall. The spread between the two has reached 140bps earlier this week … the last time it reached this level was in October 2008 … coinciding with the Lehman crisis.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.