The rate at which London-based banks say they can borrow for three months in dollars rose for the seventh-straight day, reaching the highest level since August 2010. The London interbank offered rate, or Libor, for dollar loans climbed to 0.35250 percent from 0.35133 percent at the end of last week, according to data from the British Bankers’ Association. That’s the highest rate since Aug. 16, 2010. The dollar Libor-OIS spread, a gauge of banks’ reluctance to lend, was little changed at 28.25 basis points as of 12:16 p.m. in London, from 28.38 basis points on Sept. 16, the widest since July 28, 2010, according to data compiled by Bloomberg. The TED spread, or the difference between what lenders and the U.S. government pay to borrow for three months, increased to 35.25 basis points, the most since July 2010, from 35.13 basis points. To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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