Just noting the rise in the TED spread and the near substitute 3 mth LIBOR/OIS. Just a move as the US notes and bonds continue lower, or more to it? Is it just Egypt, Europe? Both these fear sources seem to be receding though? (Not rhetorical questions, I don’t know, just noting it … as the S&P devours all bears in its path it is maybe a cautionary note???).
Chart can be found at: