by Calculated Risk on 10/15/2008 02:05:00 PM

This will be a daily post. Here are a few indicators I'm watching for progress on the credit crisis.

The yield on 3 month treasuries: 0.14% (UGLY - Worse today)

The TED spread: 4.38 (UGLY - Worse today)

Activity in the Treasury's Supplementary Financing Program (SFP). This is the Treasury program to raise cash for the Fed's liquidity initiatives. If this program slows down borrowing, I think that would be a good sign.

Here is a list of SFP sales. Two more $30 billion auctions announced today. NO PROGRESS.

The A2P2 spread is 4.32 for Tuesday. A slight improvement over Friday.

Industry contacts. I'm tracking some financing deals there are being held up right now. If these deals complete that would be a good sign (I'll post something when this happens). No improvement yet.

Update:
Bob in MA sent me this:
The two year swap spread from Bloomberg: No progress.