It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 11/03/08, are: 1 Month Libor Rate - 2.31% & 3 Month Libor Rate - 2.86%. The overnight Libor rate is 0.39%. Libor rates have sunk for the past 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/