Historically, blowing out short-term funding rates, whether measured by the TED Spread (the difference between LIBOR and 3 month TSYs), or the 3 month FRA-OIS spread, have been an indicator of funding stress and heightened systemic risk.
Historically, blowing out short-term funding rates, whether measured by the TED Spread (the difference between LIBOR and 3 month TSYs), or the 3 month FRA-OIS spread, have been an indicator of funding stress and heightened systemic risk.