The One- and Three-Month Eurodollar LIBOR Rates Waned Today
The one- and three-month Eurodollar LIBOR rates fell today, while the 6- and 12-month rates rose.
Image courtesy The Wall Street Journal Online
Right now, the yield on the 91-day U.S. Treasury Bill is 0.095%. Therefore, the TED spread is currently 0.9325 percentage point; it was 0.91938 yesterday, 0.9775 last Friday and 4.34 on October 15, 2008. For the TED spread, a figure between zero and 50 basis points (50 basis points = 0.50 percentage point) is a strong indication that capital is flowing through international credit markets normally.
A Eurodollar is a U.S. dollar deposited in any bank outside the United States, and therefore not subject to regulation by the U.S. Federal Reserve.
Earlier today, the Federal Open Market Committee (FOMC) of the Federal Reserve voted to leave short-term rates at their current levels.
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.
Right now, the yield on the 91-day U.S. Treasury Bill is 0.095%. Therefore, the TED spread is currently 0.9325 percentage point; it was 0.91938 yesterday, 0.9775 last Friday and 4.34 on October 15, 2008. For the TED spread, a figure between zero and 50 basis points (50 basis points = 0.50 percentage point) is a strong indication that capital is flowing through international credit markets normally.
A Eurodollar is a U.S. dollar deposited in any bank outside the United States, and therefore not subject to regulation by the U.S. Federal Reserve.
Earlier today, the Federal Open Market Committee (FOMC) of the Federal Reserve voted to leave short-term rates at their current levels.
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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posted by Steve Brown | Wednesday, April 29, 2009
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