WSJ:Key US Dollar, Euro Libor Unchanged; Sterling Rate Falls
LONDON (Dow Jones)--The cost of borrowing dollars and euros for three months in the London interbank market was unchanged Tuesday, while the sterling rate fell.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was unchanged from Monday at 0.46685%.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 30.3 basis points from 30.0 basis points.
Sterling borrowing costs for three months fell to 1.00313% from 1.00500%, while the euro rate was flat at 0.61000%.
-By Tommy Stubbington, Dow Jones Newswires, +44 20 7842 9268; tommy.stubbington@dowjones.com
