WSJ:Key Dollar, Sterling, Borrowing Rates Fall; Euro Rate Steady
By Tommy Stubbington
LONDON--The cost of borrowing dollars and sterling for three months in the London interbank market fell Monday, while the 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 0.35025% from 0.35125% Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 20.7 basis points from 21.0 basis points Friday.
The sterling Libor rate fell to 0.55563% from 0.56375%, while the euro rate was flat at 0.14571%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
