The Three-, Six- and Twelve-Month Eurodollar LIBOR Rates Waned On The Week
The three-, six- and twelve-month Eurodollar LIBOR rates declined on the week, while the 1-month rate advanced. On the day, the one-, three-, six- and twelve-month rates all sank lower. The 3-month TED spread contracted on both the day and the week.
Image courtesy The Wall Street Journal Online
Right now, the yield on the 13-week U.S. Treasury Bill is 0.18%. Therefore, the 3-month TED spread is currently 0.4525 percentage point; it was 0.49438 yesterday, 0.52625 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 13-week U.S. Treasury Bill is 0.18%. Therefore, the 3-month TED spread is currently 0.4525 percentage point; it was 0.49438 yesterday, 0.52625 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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posted by Steve Brown | Friday, June 05, 2009
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