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, June 25, 2010

The One- and Three-Month Eurodollar LIBOR Rates Slid Lower On The Week

The one- and three-month Eurodollar LIBOR rates slid lower on the week, while the 6-month rate rose and the 12-month rate moved sideways. On the day, the 6- and 12-month rates rose, while the 3-month rate eased and the 1-month rate was unchanged. The 3-month TED spread narrowed on both the day and 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 0.125%. Therefore, the 3-month TED spread is currently 0.40969 percentage point; it was 0.41219 yesterday, 0.44319 last Friday and 4.60875 on October 10, 2008 at 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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