However, the conditions in the money markets are far from normal, as seen in the fact that the 3-month dollar funding rate in the interbank market is around 2 percent higher than the yield on government bonds with the same maturity. Global financial markets remain under significant stress as seen in continued high credit spreads such as those on corporate bonds.
Stock prices have plunged worldwide, and foreign exchange rates have continued to fluctuate widely. Why haven't conditions improved in spite of the swift actions taken by each country?