The One-, Three-, Six- and Twelve-Month Eurodollar LIBOR Rates All Declined On the Day, But Rose on the Week
The one-, three-, six- and twelve-month Eurodollar LIBOR rates all waned on the day, but rose on the week. The TED spread widened.
Image courtesy The Wall Street Journal.
Right now, the yield on the 3-month U.S. Treasury Bill is 0.265%. Therefore, the TED spread is currently 0.98375 percentage point; it was 0.95063 yesterday, 0.9475 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 functioning normally.
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. Kenya.
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 0.265%. Therefore, the TED spread is currently 0.98375 percentage point; it was 0.95063 yesterday, 0.9475 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 functioning normally.
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. Kenya.
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, February 20, 2009
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