WSJ:Key Euro, Sterling Borrowing Rates Rise, Dollar Falls
By Nick Cawley
The cost of borrowing euros and sterling for three months in the London interbank market climbed Tuesday, while the dollar rate fell.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, fell to 0.27610% from 0.27675%.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 15.1 basis points from 15.5 basis points.
The euro rate rose to 0.14643% from 0.14214%, while the sterling rate climbed to 0.51163% from 0.51100%.
