Ted spread falls further

As of 1530 BST, the Ted spread, which tracks the difference between three-month Libor and US Treasury bills, fell to 3.16% from 3.63% on Friday. Used as a measure of perceived counterparty risk, the Ted spread peaked at 4.64% on October 13, compared with 1.11% at the beginning of September.

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

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]net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: