WSJ:Key Dollar, Euro Borrowing Rates Rise; Sterling Rate Falls
By Tommy Stubbington
The cost of borrowing dollars or euros for three months in the London interbank market climbed Friday, while the sterling rate declined.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, rose to 0.27515% from 0.27425% Thursday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 16.8 basis points from 16.6 basis points.
The euro rate increased to 0.12143% from 0.11714%, while the sterling rate fell to 0.50575% from 0.50700%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
