The Three-, Six- and Twelve-Month Eurodollar LIBOR Rates Waned Today
The three-, six- and twelve-month Eurodollar LIBOR rates waned today, while the 1-month rate moved sideways. The 3-month TED spread contracted.
Image courtesy: The Wall Street Journal Online
Earlier today, the Federal Open Market Committee (FOMC) of the Federal Reserve voted to hold short-term rates steady.
Right now, the yield on the 91-day U.S. Treasury Bill is 0.095%. Therefore, the 3-month TED spread is currently 0.19 percentage point; it was 0.19063 yesterday, 0.20938 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.
Image courtesy: The Wall Street Journal Online
Earlier today, the Federal Open Market Committee (FOMC) of the Federal Reserve voted to hold short-term rates steady.
Right now, the yield on the 91-day U.S. Treasury Bill is 0.095%. Therefore, the 3-month TED spread is currently 0.19 percentage point; it was 0.19063 yesterday, 0.20938 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 | Wednesday, September 23, 2009
0 Comments:
Post a Comment
<< Home