Word: spreads
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Interbank lending - another gauge of credit conditions - is often captured by the TED spread, which measures the premium banks pay over government bonds when they borrow money from one another. The difference is now just about 1 percentage point - what it was before Lehman Brothers filed for bankruptcy protection last September...
...report pointed out, when companies with lower credit ratings are going to issue debt, they're still paying up. Bonds that fall in the lowest category that still manage to be considered "investment grade" are yielding 5.3 percentage points more than government bonds. That's down from a high spread of 6.2 but still far above the 22-year average of 2.2 points. High-yield bonds, which are even riskier, are at a spread of 15.2. That's down from a high of 19.8 - yet three times the long-term average...
...Shaket says. Though he isn’t aware of any substantial rap scene at Harvard, he notes that one exists in the greater Boston area; Shaket often competes off-campus in Allston, Boston, and East Cambridge. He claims that knowledge of upcoming rap battles is often spread via word-of-mouth by individuals who are already involved in the scene. “It depends on the people you know and who can hook you up,” Shaket says.For Shaket, one of these people is Daniel J. Thorn ’11, a DJ and music director...
...weapons (South Africa). Clearly, the non-proliferation strategies employed to this date are working fairly well. The development of an Iranian nuclear weapon, then, could double the number of nuclear-armed nations in a small fraction of that time, representing a major setback for the prevention of the spread of nuclear weapons. This would mark a return to a Cold War-like era in which a danger of nuclear war is a real, imminent, and most dangerous threat facing policymakers...
...prominent members of the GOP, like Karl Rove and former U.N. ambassador John Bolton, began signing on to versions of Beck's critique. At that point conservative heavy hitters, including former Solicitor General Theodore Olson and Clinton tormenter Ken Starr, spoke up in favor of Koh. The dispute soon spread to the blogosphere, and Republicans across the country took sides, calling one another "fruitcakes" and "windbags." (Read "Glenn Beck: The Fears of a Clown...