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To: robnhood who wrote (14098)	2/14/1998 10:16:00 AM
From: tekgk	Read Replies (1) \| Respond to of 18056

Russell, Thanks for the effort. What I am thinking of doing is shorting the Euro dollar and going long the US T-Bill. This spread is known as the TED spread as far as I know. I have no idea what an ed bed and ded spreads are since I generally stay away from the futures. The TED spread will be one of my few exceptions. My reasoning is that there will be a lot of uncertainty about the Euro and it's effect. The volatility should be starting any day now, since the participating currencies will be announced on May 1 and they will be bolted together at that time. Getting historical Euro dollar rates is all I really need. I can get T-Bill rates from the fed. I can then subtract the two to get the spread.

To: robnhood who wrote (14098)	2/14/1998 11:03:00 AM
From: tekgk	Respond to of 18056

Russell, Found this over on the fed's Cleveland site - kind of interesting. along with a chart going back to 1990. clev.frb.org "Another closely watched indicator is the TED spread, the difference between interest rates on Treasury securities and eurodollar instruments of the same maturity. Eurodollar rates are generally higher, since they embed the default risk of the issuing bank. The TED spread thus acts as an indicator of investors' relative confidence, which in turn links it to gold prices and exchange rates, two measures that also reflect concerns about confidence. "