WSJ:Key Dollar Libor Unchanged; Euro, Sterling Rates Decline
By Tommy Stubbington
The cost of borrowing dollars for three months in the London interbank market was unchanged Wednesday, 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 unmoved from Tuesday at 0.45510%.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 30.3 basis points from 30.0 basis points.
Sterling borrowing costs for three months eased to 0.80775% from 0.82338%, while the euro rate fell to 0.34464% from 0.35464% Tuesday.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
