The 1-Month Eurodollar LIBOR Rate Moved Higher Today

The 1-month Eurodollar LIBOR rate skipped higher today, while 12-month rate slipped lower. The 3- and 6-month rates were unchanged.


Image courtesy: WSJ 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.