WSJ:Key US Dollar Libor Unchanged; Sterling, Euro Rates Fall
LONDON (Dow Jones)--The cost of borrowing dollars for three months in the London interbank market was unchanged Monday, while the sterling and euro rates fell.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was 0.46815%, the same level as Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 34.3 basis points from 36.0 basis points.
Sterling borrowing costs fell to 1.02563% from 1.02688%, while the euro rate fell to 0.67529% from 0.68086% Friday.
-By Tommy Stubbington, Dow Jones Newswires, +44 20 7842 9268; tommy.stubbington@dowjones.com
