WSJ:Key Dollar, Sterling, Euro Borrowing Rates All Decline
By Tommy Stubbington
LONDON--The cost of borrowing dollars, sterling, and euros for three months in the London interbank market all fell Thursday.
Data from the British Bankers' Association showed that the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.34025% from 0.34275% on Wednesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened slightly to 20.1 basis points from 20.0 basis points Wednesday.
Sterling Libor fell to 0.54000% from 0.54438%, while the euro rate slipped to 0.14071% from 0.14357%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
