WSJ:Key Dollar, Euro Borrowing Rates Fall; Sterling Rate Steady
By Tommy Stubbington
LONDON--The cost of borrowing dollars and euros for three months in the London interbank market fell Tuesday, while the sterling rate was unchanged.
Data from the British Bankers' Association showed that the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.32475% from 0.33025% Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 18.3 basis points from 18.8 basis points Monday.
Sterling Libor was flat at 0.53875%, while the euro rate declined to 0.13643% from 0.13786%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
