U.S. Dollar (Eurodollar) LIBOR Rates

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

Thursday, April 16, 2009

The One-, Three-, Six- and Twelve-Month Eurodollar LIBOR Rates All Edged Lower Today

The one-, three-, six- and twelve-month Eurodollar LIBOR yields all edged lower today. The TED spread widened.

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


Right now, the yield on the 3-month U.S. Treasury Bill is 0.125%. Therefore, the TED spread is currently 0.98188 percentage point; it was 0.9725 yesterday, 0.95625 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 capital is flowing through international credit markets 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. Singapore.

Click here for historical LIBOR values.

Click here for a chart comparing LIBOR to the Prime Rate and the target fed funds rate.

Click here to read about how U.S. Dollar LIBOR fixing works.

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