Current and Historical
U.S. Dollar (Eurodollar) LIBOR Rates

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

Wednesday, November 26, 2008

1-, 3-, 6- and 12-Month Eurodollar LIBOR Rates All Declined Today

The 1-, 3-, 6- and 12-month Eurodollar LIBOR rates all retreated today, bringing a quick end to what was a burgeoning upward trend.

The yield on the 3-month U.S. Treasury Bill is currently 0.04%. Therefore, the TED spread is now 2.14125 percentage points; it was 2.09625 yesterday, 2.1475 last Friday and 4.34 on October 15, 2008. A TED spread between zero and 1.00 percentage point is considered within the normal range.

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

A Eurodollar is a U.S. dollar deposited in any bank outside the United States, and therefore not subject to regulation by the U.S. Federal Reserve. U.S. dollars deposited in a London bank are Eurodollars, as are U.S. dollars deposited in a bank in Israel.

Click here for historical LIBOR values.

Click here for a chart that compares American benchmark rates to LIBOR.

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