The 1- and 6-Month Eurodollar LIBOR Rates Rose On The Week

The 1- and 6-month Eurodollar LIBOR rates stepped higher on the week, while the 12-month rate eased.  The 3-month rate was unchanged compared to last Friday's fixing.

On the day, the 12-month rate edged lower, while the 1-month rate crept higher.  The 3- and 6-month rates were unchanged.


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.