WSJ:Key Dollar, Euro Borrowing Rates Rise; Sterling Rates Steady
By Nick Cawley
The cost of borrowing dollars and sterling for three months in the London interbank market remained unchanged Monday, while the euro rate slipped lower.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, remained unchanged at 0.31150%.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 16.2 basis points from 16.3 basis points Friday.
The sterling rate was unchanged at 0.52313%, and the euro rate fell to 0.12500% from 0.12643%.
