WSJ:Key US Dollar Libor Unchanged; Sterling, Euro Rates Fall
By Tommy Stubbington
LONDON--The cost of borrowing dollars for three months in the London interbank market was unchanged Thursday, while the sterling and euro rates fell.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was unchanged from Wednesday at 0.46760%.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 29.7 basis points from 30.3 basis points.
Sterling borrowing costs for three months eased to 0.91525% from 0.91775%, while the euro rate declined to 0.56479% from 0.56686% Wednesday.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
