WSJ: Key Dollar, Sterling Borrowing Rates Steady; Euro Rate Falls
By Tommy Stubbington
The cost of borrowing dollars or sterling for three months in the London inter-bank market was unchanged Friday, while the euro rate declined.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.29200%, the same level as Thursday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 15.8 basis points from 16.2 basis points.
The sterling rate was flat at 0.51125%, while the euro rate eased to 0.15000% from 0.15357%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
