The One-, Three-, Six-, and Twelve-Month Eurodollar LIBOR Rates All Rose On The Day and The Week
The one-, three-, six- and twelve-month Eurodollar LIBOR yields all rose on the day and the week. The TED spread widened.
Image courtesy The Wall Street Journal.
Right now, the yield on the 13-week U.S. Treasury Bill is 0.185%. Therefore, the TED spread is currently 1.1075 percentage point; it was 1.08375 yesterday, 1.01438 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. Vietnam.
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 13-week U.S. Treasury Bill is 0.185%. Therefore, the TED spread is currently 1.1075 percentage point; it was 1.08375 yesterday, 1.01438 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. Vietnam.
Click here for historical LIBOR values.
Click here for a chart that compares American benchmark rates to LIBOR.
Labels: libor, TED_spread
|
--> www.FedPrimeRate.com Privacy Policy <--
> SITEMAP < |
posted by Steve Brown | Friday, March 06, 2009
0 Comments:
Post a Comment
<< Home