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Wednesday, July 3, 2024

The 3- and 6-Month U.S. Dollar (Eurodollar) LIBOR Rates Eased Today

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

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


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1 Month
5.44659%

3 Month
5.57587%

6 Month

5.66522%

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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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