The 3-Month Eurodollar LIBOR Rate Slipped Lower Today

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


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.