LONDON (Dow Jones)--The cost of borrowing dollars for three months in the London interbank market fell Monday, while the corresponding euro and sterling rates also declined.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, decreased to 0.44460% from 0.44660% Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, was unchanged from Friday at 30.1 basis points.
The euro rate dropped to 0.27036% from 0.28536%, while the sterling rate slid to 0.74750% from 0.75150%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
