WSJ:Key US Dollar, Sterling Libor Rise; Euro Rate Falls
LONDON (Dow Jones)--The cost of borrowing dollars and sterling for three months in the London interbank market rose Monday, while the corresponding euro rate fell.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, also known as Libor, rose to 0.46056% from 0.45722% Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 37.4 basis points from 37.1 basis points Friday.
The euro rate fell to 1.41438% from 1.41750%, while the sterling rate rose to 1.00703% from 1.00672%.
-By Neelabh Chaturvedi, Dow Jones Newswires; +44-20-7842-9495; neelabh.chaturvedi@dowjones.com
