WSJ:Key Dollar, Euro, Sterling, Borrowing Rates All Fall
By Tommy Stubbington
LONDON--The cost of borrowing dollars, euros and sterling for three months in the London interbank market all fell Tuesday.
Data from the British Bankers' Association showed that the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.34675% from 0.35025% Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 20.4 basis points from 20.7 basis points Monday.
The sterling Libor rate fell to 0.54813% from 0.55563%, while the euro rate declined to 0.14357% from 0.14571%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
