The One-, Three-, Six- and Twelve-Month Eurodollar LIBOR Rates All Fell Today
The one-, three-, six- and twelve-month Eurodollar LIBOR rates all fell today. The TED spread narrowed.
Image courtesy The Wall Street Journal Online
Right now, the yield on the 91-day U.S. Treasury Bill is 0.18%. Therefore, the TED spread is currently 0.77625 percentage point; it was 0.79375 yesterday, 0.87125 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.
Earlier today, the Federal Reserve released the results of the Supervisory Capital Assessment Program, commonly known as the U.S. bank stress test. The results are summarized in the following graphic:
Image courtesy: CBS News
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 0.18%. Therefore, the TED spread is currently 0.77625 percentage point; it was 0.79375 yesterday, 0.87125 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.
Earlier today, the Federal Reserve released the results of the Supervisory Capital Assessment Program, commonly known as the U.S. bank stress test. The results are summarized in the following graphic:
Image courtesy: CBS NewsClick 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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posted by Steve Brown | Thursday, May 07, 2009
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