U.S. Dollar (Eurodollar) LIBOR Rates

The London Interbank Offered Rate (LIBOR)
from the interest-rate specialists at www.FedPrimeRate.comSM

Thursday, October 9, 2008

1-Month LIBOR Joins 3-Month LIBOR Above U.S. Prime

Key LIBOR rates ended the day higher despite yesterday's rate cuts by central banks the world over. Of particular significance: the one-month and three-month LIBOR rates are currently above the U.S. Prime Rate. The Federal Reserve cut the target for the fed funds rate to 1.50% yesterday, so the U.S. Prime Rate is currently 4.50%.

image courtesy: The Wall Street Journal
Image courtesy The Wall Street Journal.

For a visual perspective, click here to view this Prime vs. LIBOR chart.




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