Where the Next Big Market Crisis Is Brewing

Why are intra-bank lending rates, or LIBOR rates, rising, when monetary policy hasn’t changed?

Ok, that's a wonky question. But the answer has big implications for everything from stock prices to your retirement portfolio to the interest rates you might pay on your house or car. Over the last three months, intra-bank lending rates have risen by about twenty basis points, or 0.20%. In the world of lending, that’s quite a large jump.