U.S. Dollar (Eurodollar) LIBOR Rates

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

Tuesday, May 5, 2009

The One-, Three-, Six- and Twelve-Month Eurodollar LIBOR Yields All Declined Today

The one-, three-, six- and twelve-month Eurodollar LIBOR rates all declined today. The TED spread contracted.

The 3-month Eurodollar LIBOR rate dropped below the 1% mark for the first time since the British Bankers' Association began publishing LIBOR rates back in the mid-1980's.

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


Right now, the yield on the 91-day U.S. Treasury Bill is 0.175%. Therefore, the TED spread is currently 0.81125 percentage point; it was 0.83188 yesterday, 0.87125 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.

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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