USD3MTD156N 3-Month London Interbank Offered Rate (LIBOR)

The 3-month London Interbank Offered Rate or "LIBOR" is the average interest rate at which leading banks borrow funds of a sizeable amount from other banks in the London market. LIBOR is the most widely used "benchmark" or reference rate for short term interest rates. A lot of floating rate bonds and bank loans are tied to changes in the LIBOR. Floating rate securities will typically have an interest rate equal to the 3-month LIBOR plus a certain percentage rate. The data is lagged by one week due to an agreement with the source. LIBOR is eventually going to be replaced by SOFR, the Secured Overnight Financing Rate.

0.28
As of 06/24/2020


Index Information
Provider:     FRED
Category1:  test2
Category2:  
Category3:  
Currency:    USD
Inception date:  01/01/1900
Backtesting data exists:  
Weighting methodology:   Unknown

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