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.

Labels: ,

--> www.FedPrimeRate.com Privacy Policy <--



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  

Post a Comment

<< Home



Entire website copyright © 2024 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.