The One-, Three- and Six-Month Eurodollar LIBOR Yields Declined Today

The one-, three- and six-month Eurodollar LIBOR rates declined today; the 12-month rate advanced.

Image courtesy The Wall Street Journal Online


Right now, the yield on the 91-day U.S. Treasury Bill is 0.19%. Therefore, the TED spread is currently 0.97594 percentage point; it was 0.96688 yesterday, 1.095 last Friday and 4.34 on October 15, 2008. For the TED spread, a figure between zero and 50 basis points (50 basis points = 0.50 percentage point) is a strong indication that the international banking system is functioning normally.

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 e.g. South Korea.

Click here for historical LIBOR values.

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