WSJ:Key Dollar Borrowing Rate Falls; Sterling, Euro Rates Steady
By Tommy Stubbington
The cost of borrowing dollars for three months in the London interbank market fell Tuesday, while the sterling and euro rates were unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, declined to 0.31050% from 0.31150% Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 16.7 basis points from 16.2 basis points Monday.
The sterling rate was unchanged at 0.52313%, and the euro rate was steady 0.12500%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
