Key Eurodollar LIBOR Rates Declined On Both The Day and The Week

Key U.S. dollar (Eurodollar) LIBOR rates, including the 1-, 3-, 6- and 12-month LIBOR rates, retreated on both the day and the week.

The TED spread is now 3.62875 percentage points; it was 4.0725 yesterday and 4.63875 last Friday.


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.