Euro Interbank Offered Rate and EURIBOR Yield Curve
EU Euro Interbank Offered Rate
The Euro Interbank Offered Rate - or EURIBOR - is the average rate for large interbank term deposits offered by European Union member banks to other financial institutions in the EU banking system. EURIBOR rates are also used as a reference rate for forward rate agreements and interest rate swaps denominated in the euro.
EU EURIBOR Yield Curve
The EURIBOR yield curve plots interest rates for a range of maturities (from overnight to one year). EURIBOR yield curve is typically a little higher than government curves and is widely used in the financial markets.