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Thursday, August 24, 2023

The 1 Month U.S. Dollar (Eurodollar) LIBOR Rate Rose Today

The 1 month U.S. dollar (Eurodollar) LIBOR rate rose today, while the 3- and 6-month rates fixed lower.

The overnight and 12-month Eurodollar LIBOR rates have been discontinued (see notes at [*] below.)


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1 Month
5.43472%

3 Month
5.64951%

6 Month

5.87327%

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Source:  LIBOR

A Eurodollar is a US dollar deposited in any bank outside the United States.

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[*] = From the Financial Conduct Authority (FCA)

"...After 30 June 2023 panel banks will stop contributing and the Overnight and 12-Months USD LIBOR settings will cease. The FCA is proposing to require the continued publication of the 1-, 3-, and 6-Months USD LIBOR settings on a 'synthetic', unrepresentative basis for a temporary period after end-June 2023 until end-September 2024..."

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