The One-, Six- and Twelve-Month Eurodollar LIBOR Rates Climbed Higher On The Week
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Right now, the yield on the 91-day U.S. Treasury Bill is 0.13%. Therefore, the TED spread is currently 0.52625 percentage point; it was 0.5325 yesterday, 0.485 last Friday and 4.60875 on October 10, 2008 during the peak of the global credit crisis.
For the TED spread, a figure between zero and 50 basis points (50 basis points = 0.50 percentage point) is a strong indication that large, international banks are lending money to each other with confidence.
A Eurodollar is a U.S. dollar deposited in any bank outside the United States.
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
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