LONDON--The cost of borrowing dollars for three months in the London interbank market fell Monday, while the corresponding euro and sterling rates also declined.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.43885% from 0.43935% Friday.
The spread between Libor and the overnight index swaps, a barometer of market stress, narrowed to 29.1 basis points from 30.0 basis points Friday.
The euro rate dropped to 0.24179% from 0.24679%, while the sterling rate slid to 0.72650% from 0.73063%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
