WSJ:Key US Dollar Libor Unchanged; Sterling, Euro Rates Fall
LONDON (Dow Jones)--The cost of borrowing dollars for three months in the London interbank market was unchanged Thursday, while the sterling and euro rates declined.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was unchanged from Wednesday at 0.46685%.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 30.6 basis points from 30.4 basis points.
Sterling borrowing costs for three months dropped to 0.99313% from 0.99438%. The euro rate for three months eased to 0.59464% from 0.59650%.
-By Tommy Stubbington, Dow Jones Newswires, +44 20 7842 9268;
