LONDON (Dow Jones)--The cost of borrowing dollars, sterling, and euros for three months in the London interbank market fell Monday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was fixed at 0.52325%, down from 0.52700% Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 41.1 basis points from 41.9 basis points.
Sterling borrowing costs for three months fell to 1.07706% from 1.07738%, while the euro rate fell to 1.02214% from 1.03171% Friday.
-By Tommy Stubbington, Dow Jones Newswires; +44-20-7842-9268 ; tommy.stubbington@dowjones.com
