WSJ:Key US Dollar Libor Unchanged; Sterling Rate Rises, Euro Rate Falls
LONDON (Dow Jones)--The cost of borrowing dollars for three months in the London interbank market was unchanged Monday, while the sterling rate rose and the euro rate fell.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was fixed at 0.47365%, the same level as Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, fell to 33.8 basis points from 33.9 basis points.
Sterling borrowing costs for three months rose to 1.03681% from 1.03819%, while the euro rate fell to 0.74286% from 0.75286% Friday.
-By Tommy Stubbington, Dow Jones Newswires; +44-20-7842-9268; tommy.stubbington@dowjones.com
