lets look at the proxy for Counter party risk or worries about lending money among banks. The 3 month libor,which for now is the benchmark lending rate for all sorts of loans and the risk free rate ,the OIS, overnight interest rate swap,What Fed funds rate is expected top average over a certain period in this case 3 months.One is a risk free rate OIS and the other takes into account the risk of default. This is used as a proxy for bank solvency and overall worries of counter party risk. The spread is still elevated,much closer to its recent peaks then the lows set in early Feburary. Still a bit of nervousness between parties.