by Calculated Risk on 10/20/2008 08:44:00 AM

From MarketWatch: More signs of thaw apparent as money-market tensions ease

The London interbank offered rate, or Libor, for three-month dollar loans fell to 4.05875%, down sharply from 4.41875% on Friday.
...
The rate remains abnormally high, but it's climbed down from peaks set earlier this month as financial institutions all but halted loans to each other amid fears of further bank failures.

The TED spread is now down to 3.2. Still very high, but showing progress.