The cost of borrowing U.S. dollars, sterling and euros for three months in the London interbank market all fell Tuesday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.37875% from 0.38075% Monday.
The spread between the three-month dollar Libor and overnight index swaps-a barometer of market stress-narrowed to 24.2 basis points from 24.6 basis points Monday.
The euro rate fell to 0.15857% from 0.16000%, while the sterling rate eased to 0.64625% from 0.65613%.
Write to Neelabh Chaturvedi at neelabh.chaturvedi@dowjones.com
