Numbers for short - term unsecured corporate debt and Libor have surged over the past couple of years , reaching levels not seen since the 2008 financial crisis . The knock-on effect was higher CP rates to “compete” with risk-free government securities. Analysts are undecided whether this is a short - term phenomenon that has arisen for technical reasons or an indication of another banking meltdown to come .
Numbers for short - term unsecured corporate debt and Libor have surged over the past couple of years , reaching levels not seen since the 2008 financial crisis . Analysts are undecided whether this is a short - term phenomenon that has arisen for technical reasons or an indication of another banking meltdown to come .