The 1- and 3-Month Eurodollar LIBOR Rates Waned On The Week

The 1- and 3-month Eurodollar LIBOR rates waned on the week, while the 6- and 12-month rates rose. On the day, the 1- and 6-month rates edged lower, while the 12-month rate rose and the 3-month rate held steady.


Image courtesy: Wall Street Journal Online

A Eurodollar is a U.S. dollar deposited in any bank outside the United States.

Click here for historical LIBOR figures.

Click here for a chart comparing LIBOR to the Prime Rate and the target fed funds rate.

Click here to read about how U.S. Dollar LIBOR fixing works.