WSJ:Key Dollar, Sterling, Euro Borrowing Rates Steady
By Tommy Stubbington
The cost of borrowing dollars, euros or sterling for three months in the London inter-bank market was unchanged Tuesday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.29550%, the same level as Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, was unchanged at 16.7 basis points.
The sterling rate was flat at 0.51125%, while the euro rate was also unmoved at 0.15429%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
