The 3-, 6- and 12-Month Eurodollar LIBOR Yields All Climbed Higher Today
The 3-, 6- and 12-month Eurodollar LIBOR rates climbed higher today, while the 1-month yield retreated.
The yield on the 91-day U.S. Treasury Bill is currently 0.005%. Therefore, the TED spread is currently 2.18438 percentage points; it was 2.17563 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 Vietnam.
Click here for historical LIBOR values.
Click here for a chart that compares American benchmark rates to LIBOR.
The yield on the 91-day U.S. Treasury Bill is currently 0.005%. Therefore, the TED spread is currently 2.18438 percentage points; it was 2.17563 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 Vietnam.
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, December 08, 2008
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