The One-, Six- and Twelve-Month Eurodollar LIBOR Rates Climbed Higher On The Week

The one-, six- and twelve-month Eurodollar LIBOR rates rose on the week, while the 3-month rate edged lower. On the day, the one-, three-, six- and twelve-month Eurodollar LIBOR yields all declined. The TED spread contracted on the day but expanded on the week.

Image courtesy The Wall Street Journal Online


Right now, the yield on the 91-day U.S. Treasury Bill is 0.13%. Therefore, the TED spread is currently 0.52625 percentage point; it was 0.5325 yesterday, 0.485 last Friday and 4.60875 on October 10, 2008 during the peak of the global credit crisis.

For the TED spread, a figure between zero and 50 basis points (50 basis points = 0.50 percentage point) is a strong indication that large, international banks are lending money to each other with confidence.

A Eurodollar is a U.S. dollar deposited in any bank outside the United States.

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.