1-, 3- and 6-Month Eurodollar LIBOR Rates All Eased Today
The 1-, 3-, and 6-month Eurodollar LIBOR rates eased today while the 12-month yield increased by 0.03375 percentage points.
The TED spread is now 2.40875 percentage points; it was 2.64625 last Friday. A TED spread of 1.00 percentage point or lower 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 Korea.
Click here for historical LIBOR values.
Click here for a chart that compares American benchmark rates to LIBOR.
The TED spread is now 2.40875 percentage points; it was 2.64625 last Friday. A TED spread of 1.00 percentage point or lower 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 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 | Monday, November 03, 2008
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