Interbank lending rates soar
Interbank lending rates soared in March, despite a further 75-basis-point cut by the Federal Reserve on March 18 and two new initiatives by the US central bank to pump liquidity into the money markets.
The Ted spread peaked at above 200bp on March 19 before falling back to 142bp on March 27. The Ted spread is the difference between three-month Libor and the risk-free rate on three-month US Treasury bills, and is used as a measure of the perceived risk of interbank lending.
The Ted spread has
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Financial stability
7 days in 60 seconds
SA-CCR, SOFR lending and model approval
The week on Risk.net, November 21-27, 2020
Receive this by email