WSJ:Key Dollar, Euro And Sterling Three-Month Borrowing Rates Fall
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 the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.32075% from 0.32475% Tuesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, contracted to 17.6 basis points from 18.3 basis points Tuesday.
The euro rate fell to 0.13571% from 0.13643%, while the sterling rate fell to 0.53438% from 0.53875%.
