WSJ:Key Dollar Borrowing Rate Falls; Euro Rate Rises
The cost of borrowing dollars for three months in the London interbank market fell Monday, while the corresponding euro rate rose and the sterling rate was unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was 0.41435%, down from 0.41825% Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 28.7 basis points from 28.9 basis points Friday.
The euro rate rose to 0.16857% from 0.16786%, while the sterling rate was unchanged at 0.68125%.
Write to Jessica Mead at jessica.mead@dowjones.com
