WSJ:Key US Dollar Libor Rises; Sterling Rate Flat, Euro Rate Falls
LONDON (Dow Jones)--The cost of borrowing dollars for three months in the London interbank market climbed Wednesday, while the sterling rate was unchanged and the euro rate fell.
Data from the British Bankers' Association showed that the three-month dollar London Interbank Offered Rate, or Libor, was fixed at 0.46685%, up from 0.46585% Tuesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 31.8 basis points from 32.0 basis points.
Sterling borrowing costs were flat at 1.01000%, while the euro rate eased to 0.61643% from 0.61750% Tuesday.
-By Tommy Stubbington, Dow Jones Newswires; +44 20 7842 9268;tommy.stubbington@dowjones.com
