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Tuesday, October 14, 2008

Key LIBOR Rates Continue On Downward Trend

Compared to yesterday, 1-, 3-, 6- and 12-month LIBOR rates declined today. The 1-month yield is now 0.03125 percentage point below the U.S. Prime Rate (current Prime is 4.50%) while the 3-month rate is currently 0.135 percentage point above Prime.

The TED spread is now 4.245 percentage points; it was 4.63875 percentage points on Friday.


Image courtesy The Wall Street Journal.

Click here for historical LIBOR values.

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