BLBG: Overnight Dollar Libor Increases to 1.28 Percent, BBA Says
By Gavin Finch
Oct. 24 (Bloomberg) -- The London interbank offered rate, or Libor, for overnight dollars climbed 7 basis points to 1.28 percent, the British Bankers' Association said.
The three-month rate dropped 2 basis points to 3.52 percent, the BBA said today.
The Libor-OIS spread, a gauge of cash availability that measures the difference between the three-month rate and the overnight indexed swap rate, widened 8 basis points to 262 basis points.
To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net
