Dollar borrowing costs up

The Ted spread - the spread between the three-month Libor interbank borrowing rate and three-month US treasury bill yields - increased to 2.10% at 13.15 GMT today from 2.05% at the open of trading today, representing only a slight decrease in perceived interbank counterparty risk from its close on Friday of 2.15%, before the Citigroup bailout was announced.

Overnight dollar borrowing rates rose again, up 0.12 percentage points today from 0.81% to 0.93%, and three-month dollar Libor increased from

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 indvidual account here: