Libor Rates

68breakbreak said:

Hi,

I need to find a source for up to the date LIBOR rates. They are released every day at 1130, and distributed by Reuters. Presumabaly this means that a Reuters subscription will give me what I want, but I don't believe this to be a viable option as this is mega expensive and not available for individual use.... ???

The best I have found is on the FT website which publishes them at 02.00 the next day. Will I have to resort to using this, or does anyone know where I can find something more up to date?

Also, the data published by FT is in fractions, does anyone know why it is not in decimals?

Many thanks
Simon

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raysor said:

LIBOR is the OFFER rate and LIBID (London Interbank Bid Rate) is the BID.
They are not actual trades but what the contributing banks say they would be prepared to lend/borrow to each other.
The SONIA (Sterling Overnight Interbank Average)rate is the rate that banks actually trade at.
Not that I understand it all.. seems odd that DJ quote US$ LIBOR rates!
Anyway you can see the 3 month LIBOR rates at Shareworld - The Beginners Guide to Investing in Stocks and Shares

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siewhf said:

Is there any relationship with Forex vs LIBOR ? such as determine the current or future fundamental of a currency.

Please advise. Thanks.

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raysor said:

Did anyone find a good (free) source of LIBOR? Unfortunately I have been a bit lazy on the Shareworld site and it is still showing 7th July data! If I thought anyone was using it I would keep it updated!!

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Martinghoul said:

The best source for LIBORs is the organization that publishes the rates, i.e. the BBA... You can find many things, including the history of published LIBOR here, BBA – British Bankers' Association - Libor Home

As what SONIA and LIBOR represent, it's a complicated subject and not for this discussion methinks.

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Martinghoul said:

Aw, sh1t... I'm pretty sure they used to publish the daily fixings on the old BBA site, but I guess that ain't the case any more.

How about this then? Looks pretty good to me:
Interest rates / Money / Market data / Selftrade

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Martinghoul said:

Not sure, to be honest... BBA definitely has ways to provide their fixings to Reuters and BBG as soon as they come out, but I am not sure what other arrangements might exist.

It's a difficult question... 6M and 3M LIBOR are probably the most relevant among the rates on that page, 'cause, ultimately, they have bearing on the cost of people's mtges. The best thing would be if you could show 2y and 5y LIBOR swap rates, 'cause those are even closer to the mtge mkt, but I am not sure you could get those easily if you don't have BBG/Reuters.

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Martinghoul said:

Not sure, to be honest... BBA definitely has ways to provide their fixings to Reuters and BBG as soon as they come out, but I am not sure what other arrangements might exist.

It's a difficult question... 6M and 3M LIBOR are probably the most relevant among the rates on that page, 'cause, ultimately, they have bearing on the cost of people's mtges. The best thing would be if you could show 2y and 5y LIBOR swap rates, 'cause those are even closer to the mtge mkt, but I am not sure you could get those easily if you don't have BBG/Reuters.

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arabianights said:

I thought it was Reuters that fixed Libor (I'm almost certain this is the case for Euribor too) and then provided it to BBA and Bloomberg... am I going mad?

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Martinghoul said:

No, the process is different for EURIBOR and LIBOR. EURIBOR is done using rates submitted by banks to TARGET and then published on Reuters-Telerate, which is why it's sorta Reuters-centric. LIBOR, on the other hand, is actually compiled daily by the BBA and they publish it onwards.

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