We just just had a perfect storm, or something close to it. Trump became president and Modi did something unthinkable - a surgical strike on cash. Markets have reacted, and reacted like crazy. Trump's win has made the US 10 year rate spike high to levels seen only in Jan 2016. The markets are probably rightfully expecting a hike in interest rates soon.
This is not all. 3 month LIBOR in USD has increased to 0.90%, the highest since 2009. 1 year USD LIBOR is also at a seven year high at 1.58%. (Read