U.S. Dollar (Eurodollar) LIBOR Rates

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

Friday, October 16, 2009

The Three- and Six-Month Eurodollar LIBOR Rates Eased On The Week

The three- and six-month Eurodollar LIBOR rates eased on the week, while the 12-month rate rose and the 1-month rate remained static. On the day, the 6- and 12-month rates rose, while the 1- and 3-month rates were unchanged. The 3-month TED spread expanded on the week and contracted slightly on the day.

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 0.06%. Therefore, the 3-month TED spread is currently 0.22406 percentage point; it was 0.22906 yesterday, 0.21938 last Friday and 4.60875 on October 10, 2008 during the peak of the global credit crisis.

For the 3-month TED spread, a figure between zero and 0.50 percentage point (0.50 percentage point = 50 basis points) 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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2 Comments:

Anonymous Anonymous said...

the one week and latest appear to be switched around

October 26, 2009 at 10:52 AM  
Blogger Steve Brown said...

> the one week and latest
> appear to be switched around...

I have checked the numbers; they are accurate.

For the latest LIBOR news, click the "LIBOR News Blog Home" link at the top of the left sidebar.

October 26, 2009 at 1:15 PM  

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