The One- and Three-Month Eurodollar LIBOR Yields Declined Today
The one- and three-month Eurodollar LIBOR rates declined today, while the six- and twelve-month rates rose.
Image courtesy The Wall Street Journal Online
Right now, the yield on the 91-day U.S. Treasury Bill is 0.135%. Therefore, the TED spread is currently 0.96438 percentage point; it was 0.96 yesterday, 0.97188 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. Bahrain.
Click here for historical LIBOR values.
Click here for a chart comparing LIBOR to the Prime Rate and the target fed funds rate.
Click here to read about how U.S. Dollar LIBOR fixing works.
Right now, the yield on the 91-day U.S. Treasury Bill is 0.135%. Therefore, the TED spread is currently 0.96438 percentage point; it was 0.96 yesterday, 0.97188 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. Bahrain.
Click here for historical LIBOR values.
Click here for a chart comparing LIBOR to the Prime Rate and the target fed funds rate.
Click here to read about how U.S. Dollar LIBOR fixing works.
Labels: libor, TED_spread
|
--> www.FedPrimeRate.com Privacy Policy <--
> SITEMAP < |
posted by Steve Brown | Wednesday, April 22, 2009
0 Comments:
Post a Comment
<< Home