Dollar Libor up after Tarp priorities change

In the overnight markets, dollar Libor rose 0.02 percentage points to 0.40% from 0.38% yesterday, while three-month dollar borrowing rates rose from 2.13% to 2.15%.

The Ted spread, which tracks the difference between three-month dollar Libor and Treasury bills, closed yesterday at 2%, up 0.25 percentage points from 1.75% at the close on Tuesday, November 11. At 12:00pm London time today, the Ted spread stood at 2.01%.

Paulson confirmed in yesterday's announcement that the US government would not b

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