{"id":194500,"date":"2008-09-18T17:44:00","date_gmt":"2008-09-18T22:44:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/18\/our-friend-the-ted-spread\/"},"modified":"2008-09-18T17:44:00","modified_gmt":"2008-09-18T22:44:00","slug":"our-friend-the-ted-spread","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/18\/our-friend-the-ted-spread\/","title":{"rendered":"Our Friend the TED Spread"},"content":{"rendered":"<p>The TED spread is the difference in interest rates between the LIBOR rate, which banks use to lend each other money over night, and the 3 month US Treasury bill.<\/p>\n<p>While interest rates go up and down, generally the TED spread is fairly constant&#8230;.But not now.<\/p>\n<p>It just <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;refer=home&amp;sid=a7KDtg_LB4lg\">hit a record high<\/a>.<\/p>\n<p>It&#8217;s not that the LIBOR has gone up much, but that so many people want T-Bills right now, because they see <span style=\"font-weight:bold;\">nothing else as safe<\/span>, that they have bid down the interest rates on that instrument.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TED spread is the difference in interest rates between the LIBOR rate, which banks use to lend each other money over night, and the 3 month US Treasury bill. While interest rates go up and down, generally the TED spread is fairly constant&#8230;.But not now. It just hit a record high. It&#8217;s not that &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004],"tags":[],"class_list":["post-194500","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194500"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194500"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194500\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}