Thinking of today's interest rate levels, this seems to be a quite attractive funding rate. Was this also the case in 2007?
|Historical rates of CHF Libor6m. Images source:Teletrader. We can clerly observe the breakrdown of Lehman Brothers in autumn 2008.|
Nevertheless, compare it to the 6m Euribor:
|Euribor6m (red) vs. CHF Libor6m (blue). Data Source: Federal Reserve Bank of St.Louis|
|In the early 1990s: Also in Switzerland, Libor rates close to 10 percent. Image Source: homefinance.nl|