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 interbank 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 0.27275%, the same level as the previous fixing on Friday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 16.5 basis points from 16.0 basis points.
The sterling rate was steady at 0.50563%, while the euro rate eased to 0.11429% from 0.11643%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
