WSJ:Key Dollar, Euro Borrowing Rates Fall; Sterling Rate Steady
By Tommy Stubbington
The cost of borrowing dollars or euros for three months in the London interbank market eased Thursday, 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 0.30800% from 0.30950% Wednesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened slightly to 16.6 basis points from 16.5 basis points Wednesday.
The sterling rate was flat at 0.51875%, while the euro rate fell slightly to 0.12214% from 0.12286%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
