Credit Spreads (Dow -778, nasdaq -199, SP500 -106)

TED SPREAD 3.5019 0.5935

10Y / 2Y SPREAD 1.9499 0.196

2Y SWAP SPREAD 143.59 5.78

LIBOR OVERNIGHT 2.5688 0.2563

LIBOR 1 MONTH 3.72 0.0162

LIBOR 3 MONTH 3.8825 0.1206

2-YR NOTE 1.626 -0.447

5-YR NOTE 2.653 -0.392

10-YR NOTE 3.566 -0.284

This page provides key rates and spreads for measuring liquidity in the credit and debt markets. Other essential rates can be found on the CNBC Bonds and Markets pages.

Notes:
The TED spread is the difference between interbank loans and U.S. government loans. It serves as an indicator of the bank sector's willingness to lend to one another. (The acronym comes from a combination of Treasury and Euro Dollar).

LIBOR is the London Interbank Offered Rate, the interest rate at which banks are willing to lend to one another.

Interest Rate Swaps are derivatives that trade interest rate payments for cash flows. The rate quoted here is the difference between the rate for a 2-year swap and the 2-year Treasury yield.

(http://www.cnbc.com/id/26905693/site/14081545/)

Earlier Monday, LIBOR, or London Interbank Offered Rate, for 3-month dollar loans had risen to 3.88 percent from 3.76 percent on Friday, suggesting that banks have grown increasingly unwilling to lend to each other. LIBOR for 3-month euro loans, meanwhile, soared to 5.22 percent, the highest rate ever.

These measures of the credit markets, where corporate borrowers go to find loans, indicated that the fear that has been gripping the world's financial system is far from alleviated.

"Right now, banks don't trust one another. This doesn't look to be the end of it," said Axel Merk, portfolio manager at Merk Funds. Even if the rescue package does get approved, it "is a tool that the Treasury can use, but it's not the solution to all the problems out there."

(AP)