No LIBOR News Today Due to Christmas Day Holiday
New York and London markets are closed for the Christmas Day holiday, so there is no LIBOR or TED spread-related news today.
There will be no LIBOR news tomorrow, December 26, as London markets will be closed for the Boxing Day holiday. TED spread-related news will be posted here tomorrow.
The yield on the 13-week 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. Tanzania.
Click here for historical LIBOR values.
Click here for a chart that compares American benchmark rates to LIBOR.
There will be no LIBOR news tomorrow, December 26, as London markets will be closed for the Boxing Day holiday. TED spread-related news will be posted here tomorrow.
The yield on the 13-week 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. Tanzania.
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 | Thursday, December 25, 2008
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