Back on April 16th I referenced economist Jeff Frankels and the Libor-overnight index swap spread. That data is only available to members of the Institute of International Finance. An alternative indicator that is readily available at Bloomberg is the spread between 3-month Libor and 3-month Treasury bills.
Click the graphic at left for the May 6, 2008 TED spread chart. I chose the 5-year data to better indicate the normal range of 25 to 50 basis points.
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