WSJ:Key Dollar, Sterling, Euro Borrowing Rates All Fall
By Tommy Stubbington
LONDON--The cost of borrowing dollars, euros and sterling for three months in the London interbank market all fell Monday.
Data from the British Bankers' Association showed that the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.33025% from 0.33425% Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 18.8 basis points from 19.4 basis points Friday.
Sterling Libor fell to 0.53875% from 0.53938%, while the euro declined to 0.13786% from 0.14071%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
