One-Month & Three-Month LIBOR End The Week Above U.S. Prime Rate
The 1- and 3-month LIBOR rates ended the week above the U.S. Prime Rate, as caution persisted as the dominant sentiment for banks that participate in the London wholesale money market.
Right now, the yield on the 3-month U.S. Treasury Bill is 0.21%. Therefore, the TED spread is now 4.60875 percentage points.
Image courtesy The WSJ.com.
For a visual perspective, click here to view this chart.
A Eurodollar is a U.S. dollar deposited in any bank outside the United States, and therefore not subject to regulation by the U.S. Federal Reserve. U.S. dollars deposited in a London bank are Eurodollars, as are U.S. dollars deposited in a bank in Japan, etc.
Right now, the yield on the 3-month U.S. Treasury Bill is 0.21%. Therefore, the TED spread is now 4.60875 percentage points.
 |
| image courtesy: The Wall Street Journal |
For a visual perspective, click here to view this chart.
A Eurodollar is a U.S. dollar deposited in any bank outside the United States, and therefore not subject to regulation by the U.S. Federal Reserve. U.S. dollars deposited in a London bank are Eurodollars, as are U.S. dollars deposited in a bank in Japan, etc.
Labels: libor, TED_spread
|
--> www.FedPrimeRate.com Privacy Policy <--
> SITEMAP < |
posted by Steve Brown | Friday, October 10, 2008
0 Comments:
Post a Comment
<< Home