The 1-, 3-, 6- and 12-Month Eurodollar LIBOR Rates All Rose On The Week
The 1-, 3-, 6- and 12-month Eurodollar LIBOR rates all rose on the week. On the day, the 1-, 3- and 6-month yields climbed higher, while the 12-month yield declined. The TED spread widened by 0.05188 percentage point on the week.
Image courtesy The Wall Street Journal.
Right now, the yield on the 3-month U.S. Treasury Bill is 0.09%. Therefore, the TED spread is currently 1.07938 percentage points; it was 1.05938 yesterday, 1.0275 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.
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. Djibouti.
Click here for historical LIBOR values.
Click here for a chart that compares American benchmark rates to LIBOR.
Image courtesy The Wall Street Journal.
Right now, the yield on the 3-month U.S. Treasury Bill is 0.09%. Therefore, the TED spread is currently 1.07938 percentage points; it was 1.05938 yesterday, 1.0275 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.
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. Djibouti.
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, January 23, 2009
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