TED spread

Proper noun

(finance) The difference in yields between inter-bank and U.S. Government loans.

Japanese Meaning

銀行間ローンと米国政府（国債）の利回りの差

Traders tracked the TED spread closely as a gauge of short-term credit risk.

トレーダーたちは短期信用リスクの指標として、銀行間貸出金利と米国政府債の利回りの差を注意深く注視した。

Sense（1）

(finance) The difference in yields between inter-bank and U.S. Government loans.