WSJ: Dollar Libor Nudges Higher; Sterling, Euro Rates Fall
By Tommy Stubbington
LONDON--The cost of borrowing dollars for three months in the London interbank market rose slightly Thursday, while the corresponding euro and sterling rates declined.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, increased to 0.43750% from 0.43675% Wednesday.
The spread between Libor and the overnight index swaps, a barometer of market stress, narrowed to 29.4 basis points from 29.5 basis points Wednesday.
The euro rate dropped to 0.23107% from 0.23679%, while the sterling rate slid to 0.71150% from 0.71463%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
