The One- and Three-Month Eurodollar LIBOR Rates Declined Today
The one- and three-month Eurodollar LIBOR rates declined today, while the 6- and 12-month yields advanced.
Image courtesy The Wall Street Journal Online
Right now, the yield on the 91-day U.S. Treasury Bill is 0.185%. Therefore, the TED spread is currently 0.97188 percentage point; it was 0.96094 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 capital is flowing through international credit markets 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. Pakistan.
Click here for historical LIBOR values.
Click here for a chart comparing LIBOR to the Prime Rate and the target fed funds rate.
Right now, the yield on the 91-day U.S. Treasury Bill is 0.185%. Therefore, the TED spread is currently 0.97188 percentage point; it was 0.96094 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 capital is flowing through international credit markets 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. Pakistan.
Click here for historical LIBOR values.
Click here for a chart comparing LIBOR to the Prime Rate and the target fed funds rate.
Labels: libor, TED_spread
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posted by Steve Brown | Monday, April 06, 2009
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