WSJ:Key US Dollar, Sterling Libor Unchanged; Euro Rate Falls
The cost of borrowing dollars and sterling for three months in the London interbank market was unchanged Tuesday, while the euro rate declined.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was unchanged from Monday at 0.46785%.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 30.0 basis points from 30.8 basis points.
Sterling borrowing costs for three months were unchanged at 0.99063%, while the euro rate eased to 0.57671% from 0.57743% Monday.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
