Spread Update 10.21.08
October 21, 2008
Stocks are down 200 points as of lunch time in NY, carry trades have weakened significantly as well. So far, the biggest percentage decline has been seen in AUD/JPY which dropped 4.75 percent.
Although volatilities have increased, LIBOR rates and the TED spread continue to fall, indicating that lending conditions are improving.
Posted in Fed Rate Cut, Federal Reserve, Forex News, TED Spread, US Dollar, US Economy, VIX
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