Today's LIBOR Rates
1 M |
0.31563 |
 |
3 M |
0.47500 |
|
6 M |
0.68794 |
|
1 YR |
1.06438 |
|
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US Dollar LIBOR Remains Stable |
February 20, 2010
According to the Wall Street Journal, US Dollar LIBOR has remained relatively stable after the Federal Reserve announced an increase in the discount rate. LIBOR stands for London Interbank Offered Rate and is a filtered average of rates that banks charge each other for unsecured, short-term loans.
At press time, Three-Month Dollar LIBOR was 0.25194%, slightly higher than the previous day’s rate of 0.25125% and far above the record low of 0.24875%. Concurrently, the LIBOR/OIS Spread rose to 9.2 basis points. This range remains in stark contrast to the LIBOR/OIS Spread of 366 basis points in October 2008 following Lehman Brothers’ collapse.
As LIBORATED.com has reported, financial institutions have been in favor of activist central bank policies to boost economies, exemplified in liquidity programs and lower interest rates. It is anticipated that LIBOR rates may rise as central banks ratchet back these programs in response to improving economic forecasts.