12-20-2013 Newshound Guru Doc

12-20-2013   Newshound Guru Doc   The CBI will release a single rate and it will be posted globally in a matter of  milliseconds.  Yes, we agree the bank can set their own spread but the beauty is you can shop at whatever bank or trader you want to minimize this.  Banks are not negotiating with the IMF, UST or CBI as to spreads.  They set their own to compete in the market.  We report, you decide.   [post 3 of 3]