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 the three-month dollar London Interbank Offered Rate, known as Libor, fell to 0.31525% from 0.31575% Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 17.2 basis points from 17.3 basis points Monday.
The euro rate fell to 0.13429% from 0.13571%, while the sterling rate was flat at 0.52938%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
