Reuters News reports that three-month Dollars Libor Rate falls to its lowest value since December 2004 at 2.50625 percent:
London interbank offered rates at the British Bankers’ Association’s daily fixing for these three-month dollars fell 20 basis points to 2.50625 percent <USD3MFSR=>, the lowest since December 2004.
This is good news and shows that confidence is coming back on credit market.
MONEY MARKETS-Dollar Libor rates, spreads fall broadly | Markets | Markets News | Reuters
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