The One- and Six-Month Eurodollar LIBOR Rates Eased On The Week
The one- and six-month Eurodollar LIBOR rates eased on the week, while the 3- and 12-month rates climbed higher. On the day, the six- and twelve-month rates sank lower, while the 3-month rate rose and the 1-month rate remained static. The 3-month TED spread narrowed on the week but expanded slightly on the day.
![image courtesy: The Wall Street Journal](http://www.wsjprimerate.us/libor/images/courtesy-wsj-december-04--2009.gif)
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 0.21656 percentage point; it was 0.21531 yesterday, 0.23563 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](http://www.wsjprimerate.us/libor/images/courtesy-wsj-december-04--2009.gif)
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 0.21656 percentage point; it was 0.21531 yesterday, 0.23563 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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