Why is the Ted Spread down so much?

Discussion in 'Trading' started by MrDODGE, Mar 31, 2009.

  1. 'Cause the shadow banking system's balance sheet has now been replaced by the (almost) unlimited balance sheet of the US taxpayer.

    In general, I'd argue that the whole concept has become completely meaningless. It's a spread between two largely fictional rates that most people in the money mkts have almost forgotten about by now.
  2. CateFul


    Because it was up SO much.