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March 28, 2008


The TEd Spread: A Permanently High Plateau

Here are up-to-date charts of the TEd (3-month Treasury Bill/Eurodollar) Spread. Here is the last 30 days which gives an intraday view up to and through the Buried Stearns debacle.


Click to enlarge

This is daily chart for the last two years to give a little perspective.


Click to enlarge

This entry was posted on Friday, March 28th, 2008 at 3:12 pm (utc+8) and is filed under Investing, Bonds.

3 Responses to “The TEd Spread: A Permanently High Plateau”

  1. Markus said:
    March 28th, 2008 at 6:00 pm

    O.k. it has probably nothing to do with the TED spread, but it is very interesting and perhaps worth a post:
    Mysterious discrepancies in grain prices baffle experts:
    http://www.iht.com/articles/2008/03/27/business/commod.php
    I am really startled that there seems to be not enough arbitrage activity in these markets.
    Btw, can I still expect your “police state” post.

    Cheers,
    Markus

  2. C. Maoxian said:
    March 28th, 2008 at 6:25 pm

    Markus: Thanks for the link. I don’t really understand it either except to say that there’s an arbitrage opportunity in theory and another one in reality and maybe the two will never meet. I *plan* to write my police state note soon, but have been very busy of late.

  3. Brian said:
    March 29th, 2008 at 1:25 am

    Pretty obvious when the market started to crunch.

    I think the expiration price gap in grains reflects tight supplies and the difficulties in actual delivery.

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