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 Tuesday, while the euro rate declined.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.28910%, the same level as Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 14.6 basis points from 14.5 basis points.
The sterling rate was unchanged at 0.51000%, while the euro rate eased to 0.14000% from 0.14143%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
