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Friday, October 21, 2011

The 1-, 3-, 6- and 12-Month Eurodollar LIBOR Rates All Rose On The Week

The 1-, 3-, 6- and 12-month Eurodollar LIBOR rates all rose on the week. On the day, the 3-, 6- and 12-month rates moved higher, while the 1-month rate was static.

image courtesy: The Wall Street Journal
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.

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