Credit Spreads Bump Over the 100 Mark
Just when you thought it was safe to get back into the credit markets, spreads widen out. There are more episodes to this credit crisis than there were “Friday the 13th” movies.
The latest sign that the credit crisis is definitely NOT easing come from the TED spread, which measures the difference between three-month Treasurys and the three-month Libor rate. The spread has climbed above the 100 mark today. The spread has been largely below 100 since early January.
The TED peaked at 464 on Oct. 10 at the height of the credit crisis.
TED AND THE GIANT SPREAD
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