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, December 24, 2008

The 3-Month Eurodollar LIBOR Yield Rose Today

The 3-month Eurodollar LIBOR yield rose today, while the 6- and 12-month yields declined. There was no change for the yield on the 1-month LIBOR today.

Right now, the yield on the 13-week U.S. Treasury Bill is 0.005%. Therefore, the TED spread is currently 1.4625 percentage points; it was 1.46125 yesterday, 1.4925 last Friday and 4.34 on October 15, 2008. For the TED spread, a figure between zero and 50 basis points (50 basis points = 0.50 percentage point) is a strong indication that the international banking system is normal and healthy.

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 e.g. Uganda.

Click here for historical LIBOR values.

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

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