The 12-Month Eurodollar LIBOR Rate Slid Lower Today

The 12-month Eurodollar LIBOR rate sank lower today, while the 1-, 3- and 6-month rates were unchanged.


Image courtesy: Wall Street Journal Online

A Eurodollar is a U.S. dollar deposited in any bank outside the United States.

Click here for historical LIBOR figures.

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.