Blitzkrieg on Interest Rates as US, ECB, Sweden, Switzerland, China, UK Cut Rates
October 8, 2008
In what is likely an unprecedented step today, major central banks across the world cut interest rates in what was a concerted effort.
The United States, Bank of England, European Central Bank (ECB) cut rates by 0.5% each. The benchmark rates for each country are now as follows:
United States - 1.5%
ECB - 3.75%
Canada - 2.5%
UK - [...]
Interest Rate Update
September 15, 2008
Prime Rate: 5.00%
30-Year Bond: 4.025%
10-Year Note: 3.398%
91-Day Bill: .0797%
Fed Funds: 2.00%
Libor (3-Mo.): 2.82%
Interest Rate Update
August 19, 2008
Prime Rate - 5.00%
30-Year T-Bond - 4.434%
10-Year T-Note - 3.79%
91 Day T-Bill - 1.823%
Fed Funds - 2.00%
LIBOR (3 Mo.) - 2.81%
Federal Reserve Leaves Interest Rates Unchanged
August 5, 2008
The Federal Reserve has chosen to leave the Fed Funds Rate unchanged at 2.00%. The Fed also hinted that the rate could stay there for some time, and cited the risks of inflation and slow-down as threats to the economy.
Read More >>Interest Rate Update
August 4, 2008
Prime Rate - 5.00%
30-Year T-Bond - 4.595%
10-Year T-Note - 3.97%
91 Day T-Bill - 1.70%
Fed Funds - 2.00%
LIBOR (3 Mo.) - 2.80%
Interest Rate Update
July 28, 2008
Current Rates:
Prime Rate - 5.00%
30-Year T-Bond - 4.60%
10-Year T-Note - 4.03%
91 Day T-Bill - 1.65%
Fed Funds - 2.06%
LIBOR (3 Mo.) - 2.79%