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The London interbank offered rate, or Libor, for three-month
dollars <USD3MFSR=> was fixed at 1.03178 percent from 1.03789
percent on Monday, declining for a second straight day and by
the most since Sept. 28.
The rate has declined by 1.333 basis points since peaking Friday
at the highest since April 2009. Libor breached 1 percent
earlier this month after more than seven-and-a-half-years below
that mark. Traders expect Trump's economic policies will
accelerate economic growth and inflation.
Many investors have begun recently to reassess those
expectations amid actions by the new administration to restrict
trade and with few details yet available about proposed tax
cuts, infrastructure spending and deregulation.
On Monday, U.S. Treasury yields declined on a safe-haven bid
after Trump told U.S. manufacturing executives he would impose a
hefty border tax on companies that import products to the United
States after moving American factories overseas.
The 2-year yield, which is most sensitive to expectations of
U.S. Federal Reserve monetary policy expectations, ended the
session lower than where it was on the day before the Fed raised
interest rates in December.
(Reporting by Dan Burns in New York; Editing by Jeffrey Benkoe)
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