by Calculated Risk on 11/11/2008 11:36:00 AM

From Bloomberg: Libor for Dollars Falls as Central Banks Provide Cash Funding

The London interbank offered rate, or Libor, that banks charge each other for three-month loans in dollars slid 6 basis points to 2.18 percent today, the 22nd consecutive decline and the lowest level since Oct. 29, 2004, according to British Bankers' Association data.

The three-month LIBOR was at 2.24% yesterday and the rate peaked at 4.81875% on October 10th.

The U.S. bond market is closed today for Veterans Day so many of the other indicators are not available.