WSJ:Key Dollar Libor Declines; Euro, Sterling Rates Also Fall
By Tommy Stubbington
The cost of borrowing dollars, sterling and euros for three months in the London interbank market fell Friday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.45760% from 0.45960% Thursday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 28.5 basis points from 28.2 basis points.
Sterling borrowing costs for three months eased to 0.86775% from 0.87713%, while the euro rate fell to 0.44507% from 0.54679% Thursday.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
