The One-, Three- and Six-Month Eurodollar LIBOR Rates Edged Lower On The Week
The one-, three- and six-month Eurodollar LIBOR rates edged lower on the week, while the twelve-month rate advanced. On the day, the 1-, 3-, 6- and 12-month rates all rose. The 3-month TED spread expanded on the day, but contracted on the week.
Image courtesy The Wall Street Journal Online
Right now, the yield on the 13-week U.S. Treasury Bill is 0.17%. Therefore, the 3-month TED spread is currently 0.44188 percentage point; it was 0.43875 yesterday, 0.45938 last Friday and 4.60875 on October 10, 2008 during the peak of the global credit crisis.
For the 3-month TED spread, a figure between zero and 0.50 percentage point (0.50 percentage point = 50 basis points) 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 13-week U.S. Treasury Bill is 0.17%. Therefore, the 3-month TED spread is currently 0.44188 percentage point; it was 0.43875 yesterday, 0.45938 last Friday and 4.60875 on October 10, 2008 during the peak of the global credit crisis.
For the 3-month TED spread, a figure between zero and 0.50 percentage point (0.50 percentage point = 50 basis points) 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 | Friday, June 19, 2009
0 Comments:
Post a Comment
<< Home