U.S. Dollar (Eurodollar) LIBOR Rates

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

Thursday, May 21, 2009

The Three-, Six- and Twelve-Month Eurodollar LIBOR Rates Waned Today

The three-, six- and twelve-month Eurodollar LIBOR yields waned today, while the one-month rate edged higher. The TED spread narrowed.

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 0.175%. Therefore, the TED spread is currently 0.48625 percentage point; it was 0.54625 yesterday, 0.67063 last Friday and 4.60875 on October 10, 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 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.

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