by Calculated Risk on 5/05/2008 04:24:00 PM

The TED Spread from Bloomberg:

The TED spread has declined to 1.17%. Still high, but falling.

Note: the TED spread is the difference between the three month T-bill and the LIBOR interest rate. Usually the TED spread is less than 0.5%. The higher the spread, the greater the perceived credit risks (compared to "risk free" treasuries).