TED Spread - Historical Chart

This interactive chart tracks the daily TED Spread (3 Month LIBOR / 3 Month Treasury Bill) as a measure of the perceived credit risk in the U.S. economy. LIBOR measures the interbank lending rate so as the spread between LIBOR and the T-bill rate increases, it shows an accelerating lack of trust between banks and a corresponding tightening of credit for all other counterparties. The current value of the TED spread as of December 31, 1969 is 0.00%.

TED Spread - Historical Annual Data
Year Average
Closing Price
Year Open Year High Year Low Year Close Annual
% Change
2022 0.11 0.14 0.14 0.08 0.09 -40.00%
2021 0.12 0.15 0.19 0.06 0.15 0.00%
2020 0.29 0.39 1.42 0.10 0.15 -59.46%
2019 0.27 0.42 0.44 0.13 0.37 -9.76%
2018 0.37 0.28 0.64 0.18 0.41 28.13%
2017 0.33 0.47 0.55 0.16 0.32 -36.00%
2016 0.43 0.39 0.68 0.27 0.50 11.11%
2015 0.26 0.24 0.45 0.19 0.45 104.55%
2014 0.20 0.17 0.25 0.15 0.22 22.22%
2013 0.21 0.23 0.25 0.10 0.18 -30.77%
2012 0.34 0.56 0.57 0.17 0.26 -53.57%
2011 0.28 0.16 0.57 0.14 0.56 211.11%
2010 0.21 0.17 0.47 0.09 0.18 -5.26%
2009 0.54 1.33 1.33 0.15 0.19 -85.61%
2008 1.55 1.50 4.58 0.77 1.32 -6.38%
2007 0.94 0.42 2.42 0.31 1.41 200.00%
2006 0.47 0.47 0.68 0.30 0.47 -14.55%
2005 0.41 0.27 0.68 0.20 0.55 44.74%
2004 0.25 0.24 0.40 0.14 0.38 72.73%
2003 0.21 0.18 0.31 0.10 0.22 22.22%
2002 0.19 0.15 0.40 0.10 0.18 5.88%
2001 0.38 0.68 1.01 0.11 0.17 -74.63%
2000 0.71 0.77 1.38 0.44 0.67 -27.96%
1999 0.77 0.68 1.50 0.45 0.93 32.86%
1998 0.79 0.63 1.66 0.48 0.70 18.64%
1997 0.68 0.51 1.04 0.42 0.59 20.41%
1996 0.51 0.66 0.75 0.36 0.49 -26.87%
1995 0.55 0.97 0.97 0.37 0.67 -30.93%
1994 0.50 0.30 0.99 0.21 0.97 162.16%
1993 0.31 0.36 0.46 0.18 0.37 2.78%
1992 0.40 0.33 0.83 0.21 0.36 -2.70%
1991 0.61 1.10 1.59 0.30 0.37 -67.54%
1990 0.79 0.80 1.78 0.45 1.14 37.35%
1989 1.18 1.17 1.76 0.65 0.83 -31.40%
1988 1.31 1.50 1.76 0.94 1.21 -31.25%
1987 1.41 0.76 3.02 0.59 1.76 128.57%