The 1-and 3-Month Eurodollar LIBOR Rates Waned On The Week

The 1- and 3-month Eurodollar LIBOR rates eased on the week, while the 1-year rate rose.  The 6-month rate matched last Friday's fix.

On the day, the 3-month rate moved higher, while the 1-, 6- and 12-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.