1-, 3-, 6- and 12-Month Eurodollar LIBOR Rates Increased On Both The Day and The Week
The 1-, 3-, 6- and 12-month Eurodollar LIBOR rates all rose on both the day and the week.
The yield on the 13-week U.S. Treasury Bill is currently 0.04%. Therefore, the TED spread is currently 2.17688 percentage points; it was 2.1625 yesterday, 2.1475 last Friday and 4.34 on October 15, 2008. A TED spread between zero and 1.00 percentage point is considered within the normal range.
Image courtesy The Wall Street Journal.
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 South Korea.
Click here for historical LIBOR values.
Click here for a chart that compares American benchmark rates to LIBOR.
The yield on the 13-week U.S. Treasury Bill is currently 0.04%. Therefore, the TED spread is currently 2.17688 percentage points; it was 2.1625 yesterday, 2.1475 last Friday and 4.34 on October 15, 2008. A TED spread between zero and 1.00 percentage point is considered within the normal range.
Image courtesy The Wall Street Journal.
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 South Korea.
Click here for historical LIBOR values.
Click here for a chart that compares American benchmark rates to LIBOR.
Labels: libor, TED_spread
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posted by Steve Brown | Friday, November 28, 2008
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