The Three- and Six-Month Eurodollar LIBOR Rates Waned Today
The three- and six-month Eurodollar LIBOR rates waned today, while the 12-month rate rose and the 1-month rate remained static. The 3-month TED spread expanded.
Image courtesy: The Wall Street Journal Online
Right now, the yield on the 3-month U.S. Treasury Bill is 0.05%. Therefore, the 3-month TED spread is currently 0.23219 percentage point; it was 0.21844 yesterday, 0.22406 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 3-month U.S. Treasury Bill is 0.05%. Therefore, the 3-month TED spread is currently 0.23219 percentage point; it was 0.21844 yesterday, 0.22406 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 | Thursday, October 22, 2009
0 Comments:
Post a Comment
<< Home