TED Spread settles in at the range high

The TED Spread appears to be settling into the high end of the recent range. Not exactly a reason to rejoice over an anticipated credit splurge but at least something close to normal. The connection between the TED Spread and the equity markets is not 1:1. Monday’s plunge in the DOW is proof of that. You can use the TED Spread to get a handle on the willingness of big bankers to lend to each other.
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