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Swaps

Rising TED Spread Says ‘Hold on There’ to EU Bailout

A slipping Euro isn’t the only indicator hinting that Europe’s unprecedented bailout may be insufficient to ease market fears over the developing debt crisis.  3M LIBOR (the intra-bank borrowing rate for USDs) has again begun to tick upward, albeit modestly; halting a retrenchment in the 3M TED spread.  The spread has average 18.8bps over the […]