Tuesday, January 06, 2009

More Progress in Financial Indicators

Calculated Risk gathers these items regularly.

The three month LIBOR has decreased to 1.42%. The three-month LIBOR rate peaked (for this cycle) at 4.81875% on Oct. 10. (Good.)

The TED spread is at 1.34, sharply lower. (Also good; normally around 0.5, but improved.)

The A2P2 spread has plunged to 1.92%. This peaked at 5.86 after Thanksgiving

The two year swap spread from Bloomberg: 77.75.

Of course, all those rate and spread decreases could also signal a total lack of borrowing (or lending) which means that the 'frosting' is spread onto a very thin cake, indeed.

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