The Six-Month Eurodollar LIBOR Rate Eased On The Week
The six-month Eurodollar LIBOR rate eased on the week, while the 1-, 3- and 12-month rates rose. On the day, the one- and twelve-month rates advanced, while the 6-month rate declined and the 3-month rate moved sideways . The 3-month TED spread contracted on the day but expanded on the week.
Image courtesy: The Wall Street Journal Online
Right now, the yield on the 91-day U.S. Treasury Bill is 0.065%. Therefore, the 3-month TED spread is currently 0.21938 percentage point; it was 0.22438 yesterday, 0.19406 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
Right now, the yield on the 91-day U.S. Treasury Bill is 0.065%. Therefore, the 3-month TED spread is currently 0.21938 percentage point; it was 0.22438 yesterday, 0.19406 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, October 09, 2009
0 Comments:
Post a Comment
<< Home