Remember our old friend Teddy? The TED spread (defined below) has been under 40 for the past 11 months, but today it reached its highest level since July 2009: 39.02 basis points
TED 3-year Chart
TED 6-month Chart
Chart Source: Bloomberg
Wikipedia: The TED spread is the difference between the interest rates on interbank loans and short-term U.S. government debt (“T-bills”). TED is an acronym formed from T-Bill and ED, the ticker symbol for the Eurodollar futures contract.
