WSJ:Key Dollar Borrowing Rate Falls; Sterling, Euro Rates Steady
By Tommy Stubbington
The cost of borrowing dollars for three months in the London interbank market eased Tuesday, while the euro and sterling rates were unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, fell to 0.30950% from 0.31050% Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened slightly to 16.6 basis points from 16.5 basis points Monday.
The sterling rate was flat at 0.51875%, and the euro rate was also unchanged at 0.12071%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
