This is all relatively good news, but we're not out of the woods by any means.
...three-month dollar Libor rates were fixed at a new record low of 0.472%.
The A2P2 spread has declined to 0.26
Meanwhile the TED spread has decreased further and is now at 29.4.
There are a number of challenges remaining. Banks are still very weak, the FDIC is almost out of 'rescue' cash, commercial real estate is still a question mark, and the home-foreclosure situation is nowhere near resolved.
HT: Calculated Risk
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