No LIBOR News Today Due to The Spring Bank Holiday in The UK
No LIBOR news today due to the Spring Bank Holiday in the United Kingdom. There was also no trading in U.S. Treasuries today due to the Memorial Day holiday, so we have no TED spread news to report. The following are the numbers from last Friday.
Image courtesy The Wall Street Journal Online
Right now, the yield on the 3-month U.S. Treasury Bill is 0.175%. Therefore, the TED spread is currently 0.485 percentage point; it was 0.67063 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.
Right now, the yield on the 3-month U.S. Treasury Bill is 0.175%. Therefore, the TED spread is currently 0.485 percentage point; it was 0.67063 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
|
--> www.FedPrimeRate.com Privacy Policy <--
> SITEMAP < |
posted by Steve Brown | Monday, May 25, 2009
0 Comments:
Post a Comment
<< Home