The One-, Three-, Six- and Twelve-Month Eurodollar LIBOR Rates All Slipped Lower On The Week
Image courtesy: The Wall Street Journal Online
52-Week Lows
The 52-week low for each of the above LIBOR rates is currently:
1-Month: 0.24125
3-Month: 0.28063
6-Month: 0.56438
12-Month: 1.19813
Right now, the yield on the 3-month U.S. Treasury Bill is 0.045%. Therefore, the 3-month TED spread is currently 0.23563 percentage point; it was 0.23063 yesterday, 0.23188 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
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