Either-Way Market

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DEFINITION of 'Either-Way Market'

A condition that exists in the eurodollar interbank deposit market when the bid and offer rates for a particular period are equal. Increasing levels of liquidity can narrow the spread between bid and offer rates until the two values are identical, resulting in an either-way market.

INVESTOPEDIA EXPLAINS 'Either-Way Market'

In an either-way market, banks can go either way between lending or borrowing at the current rate. The convergence of the bid and offer rates creates this indifference point.

RELATED TERMS
  1. LIBOR

    LIBOR or ICE LIBOR (previously BBA LIBOR) is a benchmark rate ...
  2. Interbank Rate

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    U.S.-dollar denominated deposits at foreign banks or foreign ...
  4. Bid

    1. An offer made by an investor, a trader or a dealer to buy ...
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