The 1-, 3-, 6- and 12-Month Eurodollar LIBOR Rates All Slid Lower On Both The Day and The Week
The 1-, 3-, 6- and 12-month Eurodollar LIBOR rates all slid lower on both the day and the week. The 3-month TED spread widened on both the day and the week.
Image courtesy: Wall Street Journal Online
Right now, the yield on the 3-month U.S. Treasury Bill is 0.11%. Therefore, the 3-month TED spread is currently 0.17594 percentage point; it was 0.16188 yesterday, 0.16844 last Friday and 4.60875 on October 10, 2008 at 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.
Image courtesy: Wall Street Journal Online
Right now, the yield on the 3-month U.S. Treasury Bill is 0.11%. Therefore, the 3-month TED spread is currently 0.17594 percentage point; it was 0.16188 yesterday, 0.16844 last Friday and 4.60875 on October 10, 2008 at 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: libor, TED_spread
|
--> www.FedPrimeRate.com Privacy Policy <--
> SITEMAP < |
posted by Steve Brown | Friday, October 29, 2010
0 Comments:
Post a Comment
<< Home