Current and Historical
U.S. Dollar (Eurodollar) LIBOR Rates

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

Friday, November 20, 2009

The One-, Three-, Six- and Twelve-Month Eurodollar LIBOR Rates All Eased On Both The Day and The Week

The one-, three-, six- and twelve-month Eurodollar LIBOR rates all eased on both the day and the week and established brand new 52-week lows. The 3-month TED spread contracted on the day and expanded on the week.

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

52-Week Lows

The 52-week low for each of the above LIBOR rates is currently:

1-Month:
0.23594
3-Month: 0.26219
6-Month: 0.48938
12-Month: 1.02125

Right now, the yield on the 3-month U.S. Treasury Bill is 0.01%. Therefore, the 3-month TED spread is currently 0.25219 percentage point; it was 0.26156 yesterday, 0.2175 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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