U.S. Dollar (Eurodollar) LIBOR Rates

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

Friday, February 5, 2010

The One- and Twelve-Month Eurodollar LIBOR Rates Declined On The Week

The one- and twelve-month Eurodollar LIBOR rates declined on the week, while the 3- and 6-month rates edged higher. On the day, the 12-month rate fixed lower, the 3-month rate edged higher and both the 1- and 6-month rates remained static. The 3-month TED spread expanded marginally on the day and contracted on the week.

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 0.085%. Therefore, the 3-month TED spread is currently 0.16469 percentage point; it was 0.16375 yesterday, 0.17906 last Friday and 4.60875 on October 10, 2008 during the peak of the global banking 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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