WSJ:Key Dollar, Sterling Libor Rates Fall; Euro Rate Unchanged
By Tommy Stubbington
The cost of borrowing dollars and sterling for three months in the London interbank market fell Monday, while the corresponding euro rate remained unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.36725% from 0.36925% Friday.
The spread between the three-month dollar Libor and overnight index swaps--a barometer of market stress--narrowed to 22.9 basis points from 23.1 basis points Friday.
The sterling rate fell to 0.62125% from 0.62688% Friday, while the euro rate was unchanged at 0.15286%.
-Write to Tommy Stubbington at tommy.stubbington@dowjones.com
