WSJ:Key Dollar, Sterling Borrowing Rates Fall; Euro Rate Steady
By Tommy Stubbington
The cost of borrowing dollars or sterling for three months in the London inter-bank market declined Thursday, while the euro rate was unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.28810%, down from 0.28910% Wednesday.
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 slipped to 0.50813% from 0.50875%, while the euro rate was flat at 0.14143%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
