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

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  2. Interbank Rate

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  3. Eurodollar

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  4. Forex - FX

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  1. What is the difference between LIBOR, LIBID and LIMEAN?

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  2. Are eurodollars related to the currency called the euro?

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