WSJ:Key Dollar, Sterling, Euro Borrowing Rates All Unchanged
By Nick Cawley
The cost of borrowing dollars, euros or sterling for three months in the London interbank market were all unchanged Thursday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.27510%, the same level as Wednesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, contracted slightly to 15.3 basis points from 15.4 basis points.
The sterling rate was steady at 0.50563%, while the euro rate was unmoved at 0.12143%.
