U.S. Dollar (Eurodollar) LIBOR Rates

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

Wednesday, January 14, 2009

The 1- and 3-Month Eurodollar LIBOR Yields Waned Today

The 1- and 3-month Eurodollar LIBOR rates eased today, while the 6- and 12-month yields edged higher.

Right now, the yield on the 3-month U.S. Treasury Bill is 0.11%. Therefore, the TED spread is currently 0.9725 percentage points; it was 0.98938 yesterday, 1.195 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. Paraguay.

Click here for historical LIBOR values.

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

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