No LIBOR News Today (Christmas Day Holiday)
London markets were closed for the Christmas Day holiday today, so there was no LIBOR news to report.
There will be no LIBOR news on Monday, December 28, as London markets will be closed for the Boxing Day holiday.
Image courtesy: The Wall Street Journal Online
Right now, the yield on the 3-month U.S. Treasury Bill is 0.04%. Therefore, the 3-month TED spread is currently 0.21063 percentage point; it was 0.21063 yesterday, 0.21125 last Friday and 4.60875 on October 10, 2008 during the peak of the global banking 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.
There will be no LIBOR news on Monday, December 28, as London markets will be closed for the Boxing Day holiday.
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| Eurodollar LIBOR Rates |
Image courtesy: The Wall Street Journal Online
Right now, the yield on the 3-month U.S. Treasury Bill is 0.04%. Therefore, the 3-month TED spread is currently 0.21063 percentage point; it was 0.21063 yesterday, 0.21125 last Friday and 4.60875 on October 10, 2008 during the peak of the global banking 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: banking, banks, current_LIBOR, libor, LIBOR_Rates, LIBOR_today, TED_spread
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posted by Steve Brown | Friday, December 25, 2009
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