Today's LIBOR Rates
July 28, 2010
1 M |
0.31563 |
 |
3 M |
0.47500 |
|
6 M |
0.68794 |
|
1 YR |
1.06438 |
|
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LIBOR/OIS Spreads Tighten |
December 30, 2009
According to iMarketNews, the LIBOR/OIS Spread in both US Dollars and Euros has tightened. LIBOR stands for London Interbank Offered Rate and is a filtered average of rates that banks charge each other for short-term unsecured loans.
At press time, the LIBOR/OIS Spreads were:
- US Dollar LIBOR/OIS Spread: 8.063 basis points, a decline of 0.9 basis points
- Euro LIBOR/OIS Spread: 26.9 basis points, a decline of nearly 1.2 basis points
The LIBOR/OIS Spread is a barometer of banks’ willingness to lend, comparing Three-Month LIBOR rates and an anticipated average of overnight central bank rates in a given currency. The more the LIBOR component hews to the more stable OIS component, the tighter the spread, indicating increased confidence among banks exemplified in lower interbank rates affecting the entire borrowing spectrum.