LONDON, Dec 10 (Reuters) - Interbank lending rates for
three-month dollar, euro and sterling funds were indicated
slightly lower in early London trading on Wenesday.
The so-called TED spread, the premium investors demand for
three-month interbank lending over comparable Treasury bill
yields and a closely-watched measure of financial market stress,
held relatively steady from late in New York Tuesday.
Three-month dollar deposit rates were indicated in
a 1.82 to 2.40 percent range early in London versus 1.95 to 2.50
percent early on Tuesday.
Three-month euro deposit rates were indicated in a
3.04-3.45 percent range compared with 3.08-3.50 percent around
this time on Tuesday, and three-month sterling deposit rates
were indicated between 2.45 and 3.11 percent versus
2.67-3.29 percent.
Interbank deposit rates are only indicative prices of where
banks are lending to each other, which institutions use as a
base to set their own lending rates.
The TED spread was indicated around 214 basis points. It's
been above 200 basis points for almost a month.
