WSJ:Key Dollar, Euro Borrowing Rates Rise; Sterling Rates Steady
By Tommy Stubbington
The cost of borrowing dollars or euros for three months in the London interbank market climbed Friday, while the sterling rate was unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, rose to 0.31150% from 0.31100% Thursday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 16.3 basis points from 16.6 basis points Thursday.
The sterling rate was flat at 0.52313%, and the euro rate climbed to 0.12643% from 0.12571%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
