WSJ:Key Dollar, Euro And Sterling Borrowing Rates Fall
By Nick Cawley
The cost of borrowing dollars, euros and sterling 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 0.40775% from 0.40835% on Thursday.
The spread between the three-month dollar Libor and overnight index swaps--a barometer of market stress--fell to 27.07 basis points from 28.03 basis points Thursday.
The euro rate fell to 0.16429% from 0.16500%, while the sterling rate dropped to 0.67563% from 0.67688%.
