WSJ:Key Dollar, Sterling Borrowing Rates Fall; Euro Rate Unchanged
By Tommy Stubbington
LONDON--The cost of borrowing dollars and sterling for three months in the London interbank market fell Thursday, while the corresponding euro rate was unchanged.
Data from the British Bankers' Association showed that the three-month dollar London Interbank Offered Rate, or Libor, fell marginally to 0.35225% from 0.35250% Wednesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, was unchanged at 21.3 basis points Wednesday.
The sterling Libor rate fell to 0.56750% from 0.57438%, while the euro rate was flat at 0.14643%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
