Libor Rates Set for Last Time, Closing Books on Five-Decade Run

The three-month London interbank offered rate for dollars fixed for the final time on Friday, ending 50 years as a global benchmark.

The rate for lending between banks rose roughly 1.2 basis points to 5.54543%. The spread of Libor over overnight index swaps — once a barometer of funding pressure — was wider at 26.6 basis points.

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