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 Tuesday, while the corresponding euro rate falls.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, fixed at 0.58250%, up from 0.581% on Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 49.8 basis points from 49.5 basis points.
Sterling borrowing costs for three months rose to 1.08406% from 1.08006%, while the euro rate fell to 1.26857% from 1.28357% Monday.
There were no dollar and sterling Libor fixings on Monday due to a holiday.
-By Neelabh Chaturvedi, Dow Jones Newswires; +44-20-7842-9495; neelabh.chaturvedi@dowjones.com
