Dollars and Jens
Wednesday, September 17, 2008
End of the world VII
TED spread at 279 basis points. Not that LIBOR hasn't come down a bit from its recent spike:
U.S. Treasury three-month bill rates dropped to the lowest since at least 1954 on concern that credit market losses will widen after the bankruptcy of Lehman Brothers Holdings Inc. and the federal takeover of American International Group Inc.

Investors pushed the rate as low as 0.233 percent as the loss of confidence in credit markets deepened.


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