Friday, October 10, 2008

Overnight LIBOR rate drops 51% to 2.469%, It's a Start!

Overnight LIBOR rates dropped 51% this morning to 2.469%, down from 5.09% yesterday. This is a good sign. It's a start, next we need to see a correction in the 3-month LIBOR rate, which actually increased 1.4% to 4.82% this morning. Hopefully the overnight improvement will feed into longer term paper and stabilize these crazy credit markets!

Overnight LIBOR Rate (Source:

You can find LIBOR quotes at, or you can find rates and charts at you might need to register.