No LIBOR News Today Due to the Boxing Day Holiday
London markets were closed for the Boxing Day holiday today, so there is no LIBOR news to report.
The yield on the 91-day U.S. Treasury Bill is 0.005%. Therefore, the TED spread is currently 1.4625 percentage points; it was 1.4925 last Friday and 4.34 on October 15, 2008. For the TED spread, a figure between zero and 50 basis points (50 basis points = 0.50 percentage point) is a strong indication that the international banking system is normal and healthy.
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 e.g. Botswana.
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 0.005%. Therefore, the TED spread is currently 1.4625 percentage points; it was 1.4925 last Friday and 4.34 on October 15, 2008. For the TED spread, a figure between zero and 50 basis points (50 basis points = 0.50 percentage point) is a strong indication that the international banking system is normal and healthy.
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 e.g. Botswana.
NB: Happy Holidays!
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, December 26, 2008
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