WSJ:Key Dollar, Euro Borrowing Rates Down; Sterling Rate Steady
By Tommy Stubbington
The cost of borrowing dollars or euros for three months in the London interbank market fell Friday, while the sterling rate was unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.27360%, down from 0.27410% Thursday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 15.6 basis points from 15.2 basis points.
The sterling rate was steady at 0.50563%, while the euro rate eased to 0.11714% from 0.12000%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
