The 1-, 3-, 6- and 12-Month Eurodollar LIBOR Rates Fixed Lower Today, Extending An 8-Day Downward Streak

The 1-, 3-, 6- and 12-month Eurodollar LIBOR rates all eased again today, extending the downward trend which began on Monday, October 13, 2008.

The TED spread is now 2.53125 percentage points; it was 2.76375 yesterday and 3.62875 last Friday. A TED spread of 1.00 percentage point or lower is considered within the normal range.


Image courtesy The Wall Street Journal.

A Eurodollar is a U.S. dollar deposited in any bank outside the United States, and therefore not subject to regulation by the U.S. Federal Reserve. U.S. dollars deposited in a London bank are Eurodollars, as are U.S. dollars deposited in a bank in Hong Kong.

Click here for historical LIBOR values.

Click here for a chart that compares American benchmark rates to LIBOR.