Excerpt from: Individual Equities CFDs and Spread Bets
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| May 27, 2008 | | Spread betting on individual equities | Spread bets and CFDs on UBS in the stock market should consider that there may be more trouble ahead for the embattled
bank. More mortgage losses are possible for UBS, and that could
continue to weigh on the stock -- as well as the rest of the financial
sector on the FTSE 100.
Additionally, the UBS news only causes wider cracks in the Libor rates. Bloomberg reports on the problems with Libor rates:
Such discrepancies are creating a crisis of confidence in
the London interbank offered rate published daily by the London-
based BBA and taken from the contributions of UBS, Lloyds TSB
and 14 other banks. Rates on corporate bonds, leveraged buyouts
loans, derivatives and even U.S. mortgages are pegged to Libor. | Topic Tags: CFDs, contracts for differences, financial sector FTSE 100, FTSE 100, Libor, Libor rates, spread bets, spread bets UBS, spread betting, spread betting individual equities | |
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