WSJ:Key Dollar, Euro Borrowing Rates Rise; Sterling Rate Steady
By Tommy Stubbington
The cost of borrowing dollars or euros for three months in the London interbank market climbed Tuesday, while the sterling rate was unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.28210%, up from 0.28010% Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 14.1 basis points from 14.3 basis points.
The sterling rate was steady at 0.50688%, while the euro rate increased to 0.13000% from 0.12857%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
