| 释义 |
TED spread
TED spread (tɛd) nfinance the difference in value between three-month futures contracts for Treasury bills and for Eurodollars, used to gauge the willingness of banks to lend money [C20: from T(reasury bill) + ED (symbol for Eurodollars)]TED spread
TED spreadDifference between US Treasury bill rate and Eurodollar rate; used by some traders as a measure of investor/trader anxiety or credit quality.Ted SpreadA measure of credit risk, calculated by subtracting the price of three-month U.S. Treasury securities and three-month eurodollar contracts. These contracts must have the same expiration month. Because Treasury securities are risk-free and eurodollar contracts are not, an increased Ted spread indicates a greater likelihood of default.TED spread The price spread that occurs when opposing transactions are made in Treasury bill futures and Eurodollar futures as, for example, a long position in Treasury bill futures coupled with a short position in Eurodollar futures. A long spread that anticipates the price spread between the two contracts will widen could involve buying a T-bill future and simultaneously selling a Eurodollar future. A short spread in which a Eurodollar future is purchased and a T-bill future is sold short would anticipate a narrowing of the price spread. |