TED Spread definition
TED Spread means (i) the LIBOR Rate ascertained by the Calculation Agent for a given Interest Period on the 2002 Series LIBOR Indexed Bonds, less (ii) the simple average of the weekly auction investment rate of Treasury Bills issued during the same Interest Period, maturing in approximately ninety-one (91) days and found on the website: www.publicdebt.treas.gov/servlet/OFBills. If such Treasury Bill weekly auction investment rate is no longer available from such source, the Calculation Agent will ascertain the rate in good faith from such sources as it shall determine to be comparable to such source.