WSJ:Key Dollar Borrowing Rates Rises; Euro Rate Falls, Sterling Steady
By Tommy Stubbington
The cost of borrowing dollars for three months in the London interbank market climbed Tuesday, while the euro rate fell and the sterling rate was unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.28110%, up from 0.28010% Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 14.3 basis points from 13.8 basis points.
The sterling rate was steady at 0.50688%, while the euro rate eased to 0.12571% from 0.12643%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
