Closely Watched Eurodollar LIBOR Rates Eased On The Week

The 1-, 3-, 6- and 12-month Eurodollar LIBOR rates all sank lower on the week.

On the day, the 1-year rate slipped lower, while the 1-, 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.