Indicators Smiling

• The yield on 3 month treasuries rised to 0.47% from 0.44%.

It was 0.44 yesterday and slightly getting well. Usually the 3 month trades below the target Fed Funds rate by around 25 bps, so this is too low with the Fed funds rate at 1.0%. It should increase closer to the target rate. Still low.

• Libor declined again today.Three-month U.S. dollar slid 0.15 point to 2.72 percent from 3.03.

This is so good. I was waiting Libor comes below 3. Signs are slightly better.

• The TED spread 2.33, down from 2.39.

Also nice change today again. Its still too high but better than the peak of 4.63. TED spread should move back down to 2.

• USD-JPY currencies up to 99.6850.

It rised a little from 99.0800. One more positive change again. Going well.

• Nonfinancial A2/P2 spread is down to 4.45 from 4.58.

Slightly better. But it should decline more and more.

• VIX down to 48.95.

Great. It was 55.10 yesterday but the record was 80.6 this year. Excellent change. Volatility getting lose.

Im hopeful much more today. Indicators seem well and crisis effects on money-markets getting slow.There is more progress today.