WSJ:Key Dollar, Euro Borrowing Rates Fall; Sterling Rate Rises
By Tommy Stubbington
The cost of borrowing dollars or euros for three months in the London inter-bank market declined Wednesday, while the sterling rate climbed.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.29010%, down from 0.29210% Tuesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed to 15.0 basis points from 15.5 basis points.
The sterling rate increased to 0.51125% from 0.51000%, while the euro rate eased to 0.14786% from 0.14929%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
