We've been running daily reports on interbank borrowing costs for some time now - here's the latest. (Get them sent straight to you via our RSS feed or sign up for the Risk News email newsletter - now running twice a week because there's, well, just so much news.)

Salmon comments:

Overnight Libor came down today, to Extremely High from Utterly Ridiculous. But three-month Libor went up: it's now 4.15%, which means that TED's at 334bp -- or as it's referred to these days, "frozen". (No interbank lending is actually going on at these, or any, levels.) ... frankly I'm not sure that even passage of a $700 billion bailout bill will be enough to unfreeze markets at this point.