Trader: ‘Did I Miss The Part Where You Became A STIR Trader?’

By Kevin Muir of “The Macro Tourist” fame; reposted here with permission Did I miss the memo that we should all become STIR traders? Over the past month, the financial pundits’ infatuation seems to have moved from VIX to LIBOR, with everyone keenly aware of each tick in the TED spread. Here is the scary chart of the TED spread (the difference between US dollar eurodollar funding and American government treasury bills) that is being passed around. A sudden widening of 30 basis poi