Federated Investors' "​Month in Cash" features "​Sovereign-​debt jitters drive up yields," which says, "Interest rates moved in opposite directions in May as U.​S. government yields dropped and dollar Libor yields rose in response to mounting jitters over sovereign debt issues within the 16-​country euro zone. The unusual bifurcation in yields reflects the first significant reappearance of credit-​related uncertainty since the world financial system began to stabilize in the spring of 2009. Within the government sector, one-​month Treasury yields dropped two basis points to 0.​16% while one-​year Treasury bill yields plunged 11 basis points to 0.​31%. Meanwhile, one-​month Libor rose from 0.​28% to 0.​35%, three-​month Libor spiked from 0.​35% to 0.​54%, six-​month Libor climbed from 0.​53% to 0.​75%, and one-​year Libor jumped from 1.​01% to 1.​20%. By comparison, three-​month Libor (​the rate often cited as the benchmark for interbank funding stresses) peaked at 5.​75% during the 2008-'​09 financial crisis."

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