It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 10/31/08, are: 1 Month Libor Rate - 2.58% & 3 Month Libor Rate - 3.03%. The overnight Libor rate is 0.41%.
Libor rates have sunk this week, especially after Bill Gross came on CNBC Monday and predicted Libor to fall! This has been a major reason why the stock market has rallied so much this week.
Compare today's Libor rates to yesterdays Libor rates.
For more on today's stock market action, visit, http://daytradingstockblog.blogspot.com/
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