Pages

Friday, September 29, 2023

The 6 Month U.S. Dollar (Eurodollar) LIBOR Rate Slipped Lower Today

The 6 month U.S. dollar (Eurodollar) LIBOR rate eased today, while the 1- and 3-month rates moved higher.

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


===================

1 Month
5.43347%

3 Month
5.65711%

6 Month

5.89553%

===================

Source:  LIBOR

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

=================

[*] = 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..."

No comments:

Post a Comment