The Twelve-Month Eurodollar LIBOR Rate Edged Lower Today

The twelve-month Eurodollar LIBOR rate stepped lower today, while the one-, three- and six-month rates were static.


Image courtesy: WSJ 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.