Ted spread falls further
The Ted spread and three-month Libor continued to fall following last week’s bailout packages announced in Europe and the US.
Three-month dollar Libor decreased from 4.42% to 4.06%, euro fell from 5.02% to 4.99% and sterling dropped from 6.16% to 6.12%.
The US dollar fared best in the overnight markets, as borrowing costs dropped to
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