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.
Investment dictionary. Academic. 2012.
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Either-way market — In the interbank Eurodollar deposit market, an either way market is one in which the bid and offered rates are identical. The New York Times Financial Glossary … Financial and business terms
either-way market — In the interbank Eurodollar deposit market, an either way market is one in which the bid and offered rates are identical. Bloomberg Financial Dictionary … Financial and business terms
either-way market — Fin a currency market with identical prices for buying and selling, especially for the Euro … The ultimate business dictionary
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