WSJ:Key Dollar Borrowing Rate Falls; Euro, Sterling Rates Slip
The cost of borrowing dollars for three months in the London interbank market fell Tuesday, while the corresponding euro and sterling rates also fell.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was 0.41185%, down from 0.41435% Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, was unchanged at 28.7 basis points.
The euro rate fell to 0.16786% from 0.16857%, while the sterling rate was also lower at 0.68000% from 0.68125 Monday.
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