Today's LIBOR Rates
1 M |
0.31563 |
 |
3 M |
0.47500 |
|
6 M |
0.68794 |
|
1 YR |
1.06438 |
|
FREE Newsletter
Recommended Links
 |
LIBOR Inches Up in Key Currencies |
November 28, 2009
According to Reuters, Three-Month LIBOR for the US Dollar, British Pound Sterling and the Euro all moved incrementally higher. 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, key LIBOR rates were:
- Three-month US Dollar LIBOR, 0.25563%
- Three-month Sterling LIBOR, 0.61375%
- Three-month Euro LIBOR, 0.68000%
US Dollar LIBOR had recently set a string of record lows. But with its recent uptick, the LIBOR-OIS Spread in American currency remained unchanged at 13 basis points. The LIBOR-OIS Spread gauges banks’ willingness to lend by comparing LIBOR to the historically more stable Overnight Index Swap, an anticipated monthly average of the federal funds rate. The closer LIBOR remains to the OIS, the smaller the spread, indicating easier availability of loan funds through lower rates.