The Three-, Six- and Twelve-Month Eurodollar LIBOR Rates Climbed Higher Today
The three-, six- and twelve-month Eurodollar LIBOR rates climbed higher today, while the one-month rate declined.
![image courtesy: The Wall Street Journal](http://www.wsjprimerate.us/libor/uploaded_images/courtesy-wsj-march-24--2009-767707.gif)
Image courtesy The Wall Street Journal.
Right now, the yield on the 13-week U.S. Treasury Bill is 0.205%. Therefore, the TED spread is currently 1.02125 percentage point; it was 1.03219 yesterday, 1.02281 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 functioning normally.
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. Australia.
Click here for historical LIBOR values.
Click here for a chart that compares American benchmark rates to LIBOR.
![image courtesy: The Wall Street Journal](http://www.wsjprimerate.us/libor/uploaded_images/courtesy-wsj-march-24--2009-767707.gif)
Image courtesy The Wall Street Journal.
Right now, the yield on the 13-week U.S. Treasury Bill is 0.205%. Therefore, the TED spread is currently 1.02125 percentage point; it was 1.03219 yesterday, 1.02281 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 functioning normally.
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. Australia.
Click here for historical LIBOR values.
Click here for a chart that compares American benchmark rates to LIBOR.
Labels: libor, TED_spread
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